Skip to comments.Projected Budget Deficit Based on 'Make Believe' Economics
Posted on 08/26/2009 7:19:05 AM PDT by PJ-Comix
Remember the shock generated when the Obama Office of Management and Budget recently announced that the projected 10 year deficit was increased from $7 trillion to $9 trillion? Guess what? That lastest projection is based on "make believe" economics. Although most media outlets have failed to report on it, stories from both Reuters and Forbes reveal that the true 10 year budget deficit will probably be...fasten your seatbelts...well over $11 trillion.
To put yourself into the proper mood for their analysis of the OMB "make believe" deficit projection, it is best to listen to the "Make Believe" tune from Showboat (sorry, Howard Keel version unavailable).
Are you ready? Okay here is the first piece of evidence from Reuters about why the projected 10 year $9 trillion budget deficit provided by the OMB is only a "make believe" prediction:
The White House budget update released on Tuesday still reflects a controversial Obama administration plan to combat global warming by auctioning all permits to emit greenhouse gases even though Congress has said it will give away a substantial portion to industry.
The mid-session budget review from the Office of Management and Budget estimates the government will raise $627 billion in revenue between 2012 and 2019 from a so-called cap-and-trade system requiring companies to buy permits for the carbon gases they spew into the atmosphere.
However, analysts say it is unlikely lawmakers will approve any climate control system that would force polluters to initially pay for the majority of carbon permits.
(Excerpt) Read more at newsbusters.org ...
Okay, I hope that trivial concern above temporarily took your mind off the depressing massive deficit that is heading your way.
Coming from Reuters and Forbes, this can only mean that the TRUTH is somewhere around $22-$33 trillion. Forget the seat belts- JUMP!
Or better yet, grab your pitchforks and torches, and kick these communist thieves out.
A parody update of “Make Believe” to reflect the “Make Believe” Obanomics deficit projection?
Who !@#$%^&*! believes what the !@#$%^&*! government says anymore let alone the phony baloney statistics that they cite.
I wonder what it will be like to need 3 billion dollars for bus fare like they do in Zimbabwe. There is no way to pay off an 11 trillion dollar debt (or a 9 trillion for that matter). They are going to have to inflate it away.
Ben Bernanke to Obummer: “Well, here’s another fine mess you’ve gotten me into.”
I even found the Howard Keel version for the music link!
MAKE BELIEVE ("$9 TRILLION")
Tune: "Make Believe"
Only make believe "$9 trillion"
Only make believe it won't be more
We can hope, we can cope by pretending
Debt won't rise, debt won't grow, debt won't soar
Make believe the gap is shrinking
By a trillion bucks, or two or three
Maybe this is a change you'll believe in
But to tell the truth, not me!
Okay, I updated this NewsBusters blog with your parody. I described you as the “parodying pastor.” If you want a different description, let me know. I was going to put “parody pastor” but that would make it sound like you weren’t really a pastor.
What you used is OK, but the description I usually use for myself in the context of parodies is the one I have as my tagline here:
The wag tailoring the doggerel
I might write a story about you and your song parodies for my Canada Free Press humor column. I’ll run it by you first via my online Google Word web page. That is a terrific tool. Won’t write it tonight since I already hear Mr. Sandman beckoning me.