Let's Cancel The Porkulus Before it Buries Us

The Pelosi-Obama Deficits - WSJ.com: "We've never fretted over budget deficits, at least if they finance tax cuts to promote growth or spending to win a war. But these deficit estimates are driven entirely by more domestic spending and already assume huge new tax increases. CBO predicts that debt held by the public as a share of GDP, which was 40.8% in 2008, will rise to 67.8% in 2019—and then keep climbing after that. CBO says this is 'unsustainable,' but even this forecast may be optimistic."

Here's why. Many of the current budget assumptions are laughably implausible.

Need a good belly laugh? Read the assumptions behind the conclusion that we will have ONLY $9 TRILLION in deficits over the coming decade.

It is amazing that Obama's economic advisors had the gall to get on TV yesterday and try and pin these deficits on George Bush. Shameful.

We are burying our children and their children in debt. Disgraceful.