Crush Liberalism

Obama “slashes” budget, which results in…$1.6 trillion deficit

My head hurts.  Excerpt:

The $3.8 trillion budget blueprint President Obama plans to submit to Congress on Monday calls for billions of dollars in new spending to combat persistently high unemployment and bolster a battered middle class. But it also would slash funding for hundreds of programs and raise taxes on banks and the wealthy to help rein in soaring budget deficits.

To put people back to work, Obama proposes to spend about $100 billion immediately on a jobs bill that would include tax cuts for small businesses, social-safety-net programs, and aid to state and local governments. To reduce deficits, he would impose new fees on some of the nation’s largest banks and permit a range of tax cuts to expire for families earning more than $250,000 a year, in addition to freezing non-security spending for three years.

Despite those efforts, the White House expects the annual gap between spending and revenue to approach a record $1.6 trillion this year as the government continues to dig out from the worst recession in more than a generation, according to budget documents released Sunday by the White House. The red ink would recede to $1.3 trillion in 2011 but remain persistently high for years to come under Obama’s policies.

Look at the comPost: O’s “slashing” his way to ballooning deficits.  Nope…no liberal media bias!

So President Deficit Tackler’s idea of “spending freezes” and “deficit reduction” plans will result in a bigger budget deficit than this country’s ever experienced?

OK, I see how that works:  I will “slash” 20 lbs. off my frame by adding 5 Big Macs a day to my caloric intake.  That oughta work the same way as B.O.’s deficit strategy.  My approach will flat-out taste better, too, no?

February 1, 2010 Posted by crushliberalism | big government, economic ignorance, media bias, Obama, taxes | 12 Comments