Yesterday President Obama
released his budget … over two months late, but who’s counting? The Senate and the House have already passed
their budgets. And, in typical Obama
fashion, he is “leading from behind” or, maybe better phrased, “leading from
his behind.” Much of the left-leaning
media is so impressed with the mere fact that he has done this rare feat … that
they have given this document the benefit of the doubt on most of its lame
assumptions. But this financial flight of fancy still grows our nation’s debt into the
stratosphere … by almost $9 trillion over ten years (see: Breitbart Story). And, in his patented “I don’t give a spit.”
fashion, Obama even said that this budget doesn’t contain “a lot of smoke and
mirrors” (see: Another Breitbart Story). Not a lot of smoke and mirrors?!? Wow!
Does anyone believe that it should contain any smoke and mirrors?
Senator Patty Murray was the
architect of the Democrat's Senate budget which was seriously flawed by
unrealistic GNP growth rate assumptions (see: Pattycake). And Obama is following suit by also looking
at the United States
The faster the economy grows, the more taxes will be collected. At the same time, unemployment and low-income spending will decline. So good growth is a key to a better budget outlook. This administration projected growth of 3 percent in 2013, 3.6 percent in 2014 and more than 4 percent in 2015. Reality paints a different picture. Growth in 2012 was 2.2 percent and 2013 looks on track for another disappointing 2 percent. The gap between forecast and reality will not, however, stop another round of rosy assumptions.
To read more of this, see: Politico Story. But, since the President’s budget was,
apparently, not a serious policy document … but was, like most things he does, purely political, such Pollyanna-ish pronouncements were only meant for the
Peanut Gallery (apparently the majority of U.S. voters) anyway.
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