Friday, March 27, 2009

Obama and Democrats Must Own Their Deficit

According to the Wall Street Journal:

Mr. Obama keeps saying he has "inherited a trillion dollar deficit," which is true. But he's hardly an innocent bystander. CBO shows that the President is seeing that $1 trillion and raising it again and again, as far as the eye can see.

In only two months, since the last CBO budget review in January, Democrats have passed laws that increase spending by $134 billion in the last six months of this fiscal year alone, and $1.2 trillion over the next 10 years. And that's all before his 2010 budget proposals.

Where does this take the Obama budget deficit? Up into the great beyond.

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