Monday, February 01, 2010

OBAMA’S Budget: $5 Trillion More Debt in Five Years UPDATED

Obama will surely try to blame Bush . . . again. But this is Obama’s budget. Dubya did not jump out of a hidden compartment of the Oval Office and hold a gun to Obama’s head. And Obama’s budget projects over five trillion dollars in deficits in five years.

And that pretty much sums it up.

UPDATE: Sure enough, Obama blamed Bush. But a graph here puts matters in perspective.

For Obama to decry the deficits of the Bush years is truly comical given that his own deficits are so much greater. If Obama were an honest man, he would say, “Bush served deficits a little; Obama will serve them much!”*

*With apologies to Jehu.

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