Obama’s budget: It’s absolutely insane

Fox News Forum
by Peter Ferrara

03/25/09

At his press conference last night, President Obama insisted once again that he inherited the budget deficit, and ‘we’re doing everything we can to reduce that deficit.’ But the deficits over the next 10 years that Obama proposed in his budget are not George Bush’s deficits. They are the deficits that Obama has proposed, resulting from the $1 trillion in increased spending he adopted in the no-stimulus stimulus bill, and the $400 billion supplemental spending bill he supported and also adopted the following week, and the $275 billion housing bailout he proposed the next week, and the $1 trillion bank bailout plan his Treasury Secretary just proposed this week, and the $638 billion he has proposed as a ‘downpayment’ on a new national health insurance entitlement. … Does this sound like he is ‘doing everything we can to reduce that deficit?

//foxforum.blogs.foxnews.com/2009/03/25/ferrara_budget_obama/


Informant: Thomas L. Knapp



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