Open, Honest, and Transparent Budgeting

Michael Boskin Says Barack Obama's Trillion-Dollar Deficit Budget Will Impede Economic Growth - WSJ.com:

"The claim to reduce the deficit by half compares this year's immense (mostly inherited) deficit to the projected fiscal year 2013 deficit, the last of his current term. While it is technically correct that the deficit would be less than half this year's engorged level, a do-nothing budget would reduce it by 84%. Compared to do-nothing, Mr. Obama's deficit is more than two and a half times larger in fiscal year 2013."

I'm starting to miss the straight-talk of Bill Clinton. This is a great column explaining all the chicanery around Pres. Obama's budget claims.

...what is not just worrisome but dangerous are the growing trillion dollar deficits in the latter years of the Obama budget. These deficits are so large for a prosperous nation in peacetime -- three times safe levels -- that they would cause the debt burden to soar toward banana republic levels.