Saturday, August 22, 2009

Obama's Budget Reality Check

Remember a couple weeks ago when President Obama held what seemed like his 20th press conference about health care, and he pulled out this whopper:

OBAMA: “If we had done nothing, if you had the same old budget as opposed to the changes we made in our budget, you’d have a $9.3 trillion deficit over the next 10 years. Because of the changes we’ve made, it’s going to be $7.1 trillion.”

He made that statement at a time when he was trying to get health insurance reform passed before the August recess. And he wanted to make it look like his policies had shrunk the deficit so that we would not need to fear the price tag on his latest boondoggle.

Well, now Obama has finally revamped his economic outlook.
He now says that he projects a $9 trillion deficit over the next 10 years.

Phew! It's a good thing he passed the budget that he did or we would have had a $9 trillion defi...oh wait...we're going to have it anyway? So, Obama accomplished nothing with his stimulus and omnibus spending bill? Well done Mr. President! Can I vote to reelect you now?

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