Hattip to Instapundit. The Heritage Foundation supplied the above graphic which compares Obama budget “cuts” of $100,000,000.00 to the appropriations bill for fiscal 2009 of $410,000,000,000.00, the Bankrupt the Nation Act of 2009, sometimes erronously called the “stimulus” bill, which has a price tag of $787,000,000,000.00 and the estimated bill for fiscal year 2010 of $3,600,000,000,000.00. How ludicrous is all this? Ludicrous enough that the Obama supportive Associated Press makes fun of it. Ludicrous enough that even Paul Krugman is chuckling.
The Obama administration is merely the farcial end of a bi-partisan decades long holiday from fiscal sanity by which we have amassed a matterhorn of public debt we have no way of repaying. The fiscal projections of the Congressional Budget Office and the White House make sombre reading. The tax protests of last week are a reaction to what is no longer fiscal policy but obvious fiscal lunacy. Either we turn away from this madness or our economy will eventually hit a wall of governmental debt and the whole house of credit cards will come crashing down.
A quote from Founding Father John Adams is more relevant today than when he wrote it:
“All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”
Is this the equivalent of global warming?
Considering that Al Gore helped to create both Phillip, I’d say you are on to something!
Perhaps he could cut $100 million by merely not printing that amount!
The problem is that a lot of people will fall for this 0bama stunt. This man preys on the stupid better than anyone.
It’s been a long time since I heard the word matterhorn.
Fron the “White Giant” to the “Red Dwarf”
The end of life as we know it.
OR
The Big Bang, and the ever expanding universe. 🙂
You’re just upset that you’re looking at winter coming. 😉
“Either we turn away from this madness or our ecnomy will eventually hit a wall of governmental debt and the whole house of credit cards will come crashing down.”
I think we’re already getting there. This wretchedly regrettable crisis we’re currently in is merely but one of its manifestations:
— and —
“From the “White Giant” to the “Red Dwarf”
The end of life as we know it.
OR
The Big Bang, and the ever expanding universe.”
I’d vote for the Big Whimper Don!
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