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A Big, Fat Failure. Obama's budget makes a bad situation worse.
Weekly Standard ^ | April 6, 2009 | Matthew Continetti

Posted on 03/29/2009 12:09:21 AM PDT by FocusNexus

Well, it's about time. The Beltway is waking up to the realities of President Obama's budget plan, which taxes, spends, and borrows as far as the eye can see. The president's vast new commitments in the areas of health care, energy, and education have already spooked small-government Republicans and the foreign investors who help finance America's public debt. Now even some Democrats are beginning to realize that the president's fiscal policies are unsustainable in the long--and maybe medium--run. What took them so long?

The realities of the modern global economy require government to play a substantial role in ensuring the national and economic security of the people. Americans aren't going to dismantle the welfare state. Social Security, Medicare, and Medicaid are--like the Pentagon--here to stay. The task, then, is to ensure that those programs are sensibly structured and financed, and compatible with robust economic growth. And on this score, Obama's budget is a big, fat failure.

(Excerpt) Read more at weeklystandard.com ...


TOPICS: Business/Economy; Editorial; Front Page News; Government; Politics/Elections
KEYWORDS: bho44; bhobudget; economy; globaleconomy; impeachobama; obama; spreadingthewealth; taxes
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1 posted on 03/29/2009 12:09:22 AM PDT by FocusNexus
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To: FocusNexus

It was pretty much inevitable that government would pick up the pieces of the financial crisis and its aftermath. A stimulus bill and some form of bank bailout were going to be facts of life. And tax revenues are plunging thanks to the recession. So the federal government’s balance sheet
was always going to deteriorate in 2009. The problem is that Obama’s policies would move us from deterioration to disaster. The national debt Obama gripes about? His budget will double it to 80 percent of GDP in 2019. Whatever that is, it’s not “a new era of responsibility.”


2 posted on 03/29/2009 12:10:30 AM PDT by FocusNexus ("Good and evil are present in this world, and between the two there can be no compromise." GW Bush)
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To: FocusNexus

Saw a tv campaign commercial for this budget tonight.


3 posted on 03/29/2009 12:10:56 AM PDT by John W
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To: FocusNexus
"The problem is that Obama’s policies would move us from deterioration to disaster. The national debt Obama gripes about? His budget will double it to 80 percent of GDP in 2019. Whatever that is, it’s not “a new era of responsibility.”


Yep...you got that right.
Do you suppose that's what he's aiming for? lol

Thank you for posting the article.
It's a good 'un.

4 posted on 03/29/2009 12:14:23 AM PDT by dixiechick2000 ("Most Effective Obama Critics: Charles Dow and Edward Jones" ~ John McCormack ~ The Weekly Standard)
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To: FocusNexus
The Demorats were like 3-year-olds in a candy store. "Economic meltdown" + "bailout" $trillions$ + no accountability whatsoever + carefree lust for power = a Democrat vote-buying bonanza that was absolutely irresistible. Anything the rats are saying now is strictly for cover. Every last one of those sick scumbags knew what they were doing.


5 posted on 03/29/2009 12:17:32 AM PDT by Lancey Howard
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To: FocusNexus
Photobucket
6 posted on 03/29/2009 12:19:21 AM PDT by Names Ash Housewares (Refusing to kneel before the socialist messiah. 1-20-13 Freedom Day.)
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To: FocusNexus
A Big, Fat Failure. ...

I glanced at the headline, only picked up the first part, and for a moment thought this was an article about either Michael Moore or Rosie O'Donnell.

Sorry.

7 posted on 03/29/2009 12:51:33 AM PDT by Zakeet (Thou Shalt Not Steal -- Unless thou art the government)
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To: FocusNexus
The realities of the modern global economy require government to play a substantial role in ensuring the national and economic security of the people. Americans aren't going to dismantle the welfare state. Social Security, Medicare, and Medicaid are--like the Pentagon--here to stay. The task, then, is to ensure that those programs are sensibly structured and financed, and compatible with robust economic growth.

The author loses credibility as a conservative with this baloney. Instead, he should have said that the logical eventual endpoint of the mommy state is bankruptcy, regardless of how responsible the originators were. The temptation to overpay the constituency always happens, because, in any election, the one promising the most eventually beats the other guy. Since when has the prudent guy gotten a fair shake from the media in a welfare state?

8 posted on 03/29/2009 1:02:04 AM PDT by qwertypie
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To: qwertypie

Exactly right. There’s no reasonable, moderate position on Government entitlements. It becomes a race among the politicians to see who can garner more votes by promising more gifts from the treasury. And in the background, cynical despots like Cloward & Piven propose that the entitlement programs be used as vehicles for destroying the capitalist system. It’s the camel’s nose under the tent.


9 posted on 03/29/2009 1:29:28 AM PDT by Rocky (OBAMA: Succeeding where bin Laden failed.)
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To: FocusNexus

Daddy, what’s a “small-government Republican?”


10 posted on 03/29/2009 1:43:29 AM PDT by Grut
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To: FocusNexus
But. . . . He inherited this. . . . .
How can this be his fault? (sarc)
He thinks he can do anything he wants because "W" brought this on, and that gives him the OK to do anything he wants because he can blame everything on "W". Even the failure of his so called FIX.
11 posted on 03/29/2009 3:01:58 AM PDT by DeaconRed (The Situation is 100 Times worse than we ever imagined. BO Has Got to GO! ! ! FUBO)
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To: Names Ash Housewares

Come on Charlie, borrow billions, Yay Charlie.....


12 posted on 03/29/2009 3:19:06 AM PDT by EQAndyBuzz (Bow down to me. I am TOTUS.)
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To: EQAndyBuzz
It's a leopleridon Charlie, a magical leopleridon. It has spoken, it has told us the way to candy mountain

And it will take us to the land of sweets and joy and joyness

13 posted on 03/29/2009 4:06:21 AM PDT by Mr. K (physically unable to proofreed (<---oops))
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To: FocusNexus

Obama’s budget plan, which taxes, spends, and borrows as far as the eye can see,same plan as every democrat president has used only on a higher scale it’s the democrat way.


14 posted on 03/29/2009 4:45:55 AM PDT by Vaduz
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To: FocusNexus

New Ice Cream flavor

In honor of the 44th President of the United States,
B-R Ice Cream has introduced a new flavor;”Barocky Road”.
Barocky Road is a blend of half Vanilla, half Chocolate, and surrounded by Nuts and Flakes. The Vanilla portion of the mix is not openly advertised and usually denied as an ingredient. The Nuts and Flakes are all very bitter and hard to swallow. The cost is $100.00 per scoop.

When purchased it will be presented to you in a large beautiful cone, but then the Ice Cream is taken away and given to the person in line behind you.

Thus you are left with an empty Wallet, no change, holding an empty cone, with no hope of getting any Ice Cream.

Are you feeling stimulated?


15 posted on 03/29/2009 5:06:21 AM PDT by eeriegeno (<p>)
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To: Mr. K

A classic..

http://www.youtube.com/watch?v=Q5im0Ssyyus


16 posted on 03/29/2009 5:37:55 AM PDT by EQAndyBuzz (Bow down to me. I am TOTUS.)
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To: FocusNexus
Digg it
17 posted on 03/29/2009 5:58:21 AM PDT by kanawa
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To: FocusNexus
It was pretty much inevitable that government would pick up the pieces of the financial crisis and its aftermath...

...since it was caused by the government in the first place. Historically, the unintended consequenses of incompetent government actions have been 'fixed' by more incompetent government actions!

18 posted on 03/29/2009 6:05:21 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: Mr. K

Don’t forget the rainbows and gumdrop forests that are now part of the Obama era.


19 posted on 03/29/2009 1:15:13 PM PDT by KC_Conspirator
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To: FocusNexus

We warned about this during the campaign. Last summer. But liberals swooned over the fake messiah , getting a thrill up their legs. It’s stupid and a disaster but the dumbed-down American society voted it in. You can thank the NEA for Obama’s math.


20 posted on 03/29/2009 2:42:04 PM PDT by HowlinglyMind-BendingAbsurdity
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