Submit your comments on this article |
Home Front Economy |
Democrats own the deficit |
2009-03-01 |
Ordinarily, from January to September of a new President’s first year, the government lives under the budget of his predecessor. That isn’t the case this year. Last fall the Democratic-controlled Congress refused to act on President Bush’s 2009 budget proposal, gambling that by delaying ratification of the budget until the new year, they would also have the Presidency and could write the budget exactly the way they wanted: without any Republican interference. It worked out for them like they planned. However, the 2009 budget may be a case of “be careful what you wish for.” Barack Obama and the Democrats now own the 2009 budget. Every bit of it. They also own all of the (almost certain to be an underestimated) $1.75 trillion budget deficit, an amount four times the largest deficit President Bush ever created. If the economy turns around (click here to learn why it won’t), all will be forgiven. However, if the economy tanks, Obama and the Democrats can’t even pretend that it was President Bush’s 2009 budget that made the difference. |
Posted by:tipper |
#2 Remember this. |
Posted by: newc 2009-03-01 23:43 |
#1 Obama and the Democrats can't even pretend that it was President Bush's 2009 budget that made the difference. Of course they and their sockpuppet MSM Wormtongues will certainly try, while at the same time working damn hard to make sure that their ownership of Congress since 2006 had no impact in the accountability. |
Posted by: Procopius2k 2009-03-01 13:41 |