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Article Source: The Washington PostObama fancies his happy talk, debt-denial optimism to be Reaganesque. It's more Louis XV. Reagan begat a quarter-century of prosperity; Louis, the deluge.
Moreover, unlike Obama, Louis had the decency to admit he was forfeiting the future. He never pretended to be winning it.
A more cynical budget is hard to imagine. This one ignores the looming debt crisis, shifts all responsibility for serious budget-cutting to the Republicans - for which Democrats are ready with a two-year, full-artillery demagogic assault - and sets Obama up perfectly for reelection in 2012.
#1 - Sat Feb 19, 2011 5:01 AM ESTThe budget touts a deficit reduction of $1.1 trillion over the next decade.
Where to begin? Even if you buy this number, Obama's budget adds $7.2 trillion in new debt over that same decade.
But there's a catch. The administration assumes economic growth levels higher than private economists and the Congressional Budget Office predict. Without this rosy scenario - using CBO growth estimates - $1.7 trillion of revenue disappears and U.S. debt increases $9 trillion over the next decade. This is almost $1 trillion every year.
If Obama gets an additional 4 years, you me and all clear thinking Americans can essentially kiss America good-bye..because it will be unrecognizeable
Outside Independence Hall when
the Constitutional Convention of 1787 ended,
Mrs. Powel of Philadelphia asked Benjamin Franklin,
"Well, Doctor, what have we got, a republic or a monarchy?"
With no hesitation whatsoever, Franklin responded,
"A republic, if you can keep it."
http://quotes.liberty-tree.ca/quote_blog/Benjamin.Franklin.Quote.21EA
#2 - Sat Feb 19, 2011 11:43 AM ESTJoe #2,
Ben Franklin's cautionary words---indeed, which highlights our current struggle with the most leftist President in the history of the US. I wonder if Ben Franklin would be on the conservative side or on Obama's. [rhetorical]
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