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The Looming Obama Deficit

This is deplorable.

President Barack Obama’s budget proposals, if carried out, would produce a staggering $9.3 trillion in total deficits over the next decade, much more than the White House has predicted, the Congressional Budget Office said on Friday.

The office’s estimates of deficits in the fiscal years 2010 through 2019 “exceed those anticipated by the administration by $2.3 trillion.”

The deficits under the Obama plan would be $4.9 trillion more than the projected deficits if there were no changes in current laws and policies — what the nonpartisan budget office calls its baseline assumption.

The startling new figures have enormous implications, political as well as fiscal. They are certain to bring new expressions of alarm and dismay from deficit hawks on Capitol Hill, where the president’s $3.6 trillion budget proposal for the next fiscal year, which begins in October, has already stirred debate.

President Obama’s budget director, Peter R. Orszag, conceded in a news briefing on Friday that annual deficits of 4 to 5 percent of gross domestic product, as envisioned in the office’s report, are “ultimately not sustainable.”

Bush was horrible about deficit spending, but Obama is in a league of his own.

Posted by Owen at 0918 hrs
Politics + Politics - General

1. Every day that goes by it becomes more and more clear that this guy is a blustery “I’m really into politics” law student type who doesn’t have any fundamental understanding of how things work in the world.

   I was amazed watching him during his “town meeting” in California the other day.  It was a campaign rally where he basically just recited the same slogans he did on the campaign trail while the crowd chanted “Obama, Obama, Obama”.  Someone needs to remind him that the campaign is over.  He’s IS the President now.  Start leading and coming up with workable solutions to things.  Getting up and yelling “Education, Healthcare, Energy, Hope, Change!” while filling out NCAA picks on ESPN isn’t going to cut it anymore.

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 0944 hrs
   
   
   

2. For those that want even more Obama competence discussions than Owen provides, the New York Times now is picking up on these things in their blog summary column.  Long read, but good. 

   http://opinionator.blogs.nytimes.com/2009/03/20/weekend-opinionator-obamas-communication-breakdown/

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1016 hrs
   
   
   

3. There are not even that many liberals supporting him.  how many editiorals have you seen supporting Obama recently?  Cruise the local lefty blogs and there is no support fo him.  If they do bring up something about Obama, it just gets slammed back in their face,
   How can any lefty say with a straight that face that Obama hasn’t been a failure as president so far.

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1049 hrs
   
   
   

4. That was a good read, Steve Austin

   Here’s a Canadian perspective on Obama’s competence:

   http://www.realclearpolitics.com/articles/2009/03/too_clever_by_half.html

   Moreover, the unpolled elites, including those within the Democratic Party, have started to ask questions aloud about whether their man is competent; and as we know from painful history, such uncertainties from an elite tend to “trickle down.”

   I sense a certain unraveling that will gain momentum.  This will become known as the “Forrest Gump” presidency.

   Also, at RealClearPolitics.com, look at the titles of the most read articles:

   Sheesh, The Guy Is Jimmy Carter

   The Unbearable Lightness of Obama

   The Obama’s Administration’s Lost Week

   Tough Talk from the Teleprompter

   Does Obama Know What He’s Doing?

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1052 hrs
   
   
   

5. I like the Forest Gump thing.  The only difference is that I think Forest had common sense.

   I’ll go with Peter Sellers from “Being There” since it seems like so many in America attributed whatever they wanted onto the guy but in reality the character had limited capacity for things. 

   I’m desperately longing for the days of Bill Clinton. As frustrating as the guy was for Monica-Gate, he was generally pretty competent and understood how to govern.

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1132 hrs
   
   
   

6. Agreed, Steve.  Clinton signed off on welfare reform and NAFTA.  I can’t in my wildest dreams envision Obama coming down on the right side of either of those issues.

   Regarding the deficit and wildly increasing national debt, these aren’t even on his radar.  He only wants his programs in place, and to hell with the costs to future generations.

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1200 hrs
   
   
   

7. he was generally pretty competent and understood how to govern.

   It hurts me to say I have to agree.  He did show respect for certain boundaries.  Obama is like an Irish Setter - running like crazy in all directions. 

   That’s what was interesting about the glee that was expressed when Bush was deemed “one of the worst presidents in history” (before his term ended even).  I say give it time - we may see a President worse than him in our lifetimes, we may be there now.  Or, I will go so far as saying we are there now.

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1216 hrs
   
   
   

8. “Obama is like an Irish Setter”  Stop insulting Irish Setters.

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1310 hrs
   
   
   

9. We expected more from a guy who couldn’t even tell us what hope and change was?

   And people thought Bush was a bad president. I admit he made his mistakes - but Obama clearly has no clue what is going on. Every minor attempt at foreign policy has been a joke. (Putin, Iran, and he couldn’t even get a casual visit from the British right!)

   Every presidency has things they wish they could have done better in hindsight - but Obama is setting new records here.

   And we aren’t even past the first 100 days (notice how the press has REALLY dropped off on reporting on that!). What’s it going to be like next year at this time?

   Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1321 hrs
   
   
   

10. Looks like being president is above Obama’s pay grade.

    Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1354 hrs
    
    
    

11. If you wanna find out what his plan will do to our healthcare, check out www.tophealth.tk

    Posted by Thomas on March 21, 2009 at 1533 hrs
    
    
    

12. What’s it going to be like next year at this time?

    I need a drink.

    Posted by .(JavaScript must be enabled to view this email address) on March 21, 2009 at 1703 hrs
    
    
    

13. It wasn’t difficult to do the math on all of Obama’s spending plans. I’m not sure if the leftists didn’t believe it or if they simply continued with the moronic notion that the government had to do something.

    Here’s a wild, very out there, guess . . . the market is going to react very negatively. Particularly when they realize Oprompter’s idea of more regulation of executive bonuses. Just a wild hunch.

    But, hey . . . as one lefty inferred . . . it’s just debt.

    Posted by jimi on March 21, 2009 at 2304 hrs
    
    
    

14. I wondering how many people will get pissed off Tuesday night when they turn on the telly to watch “American Idol” and find the “One” preempting it to pitch this “mother-of-all-deficts” plan?

    Democrat anger at Obama overkill
    Concern is mounting at the president’s tactics

    “Stop, please stop, Mr O, we can’t take much more,” one angry viewer wrote on an Idol-related website. “Not again!” complained another. “It’s the same speech he’s been giving for the past year

    Obama was “just like Fidel Castro [of Cuba] and Hugo Chavez [of Venezuela] - always on camera, always giving speeches and lecturing”.

    “In the sucky economic climate we’re in now, I like having TV to cheer me up,” said Rose Tyler, a disappointed Idol fan.

    “He has not made the transition from campaigning to being the actual president,” complained another viewer.

    “Good time to clean out the sock drawer,” said a third.

    http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5950373.ece

    Posted by .(JavaScript must be enabled to view this email address) on March 22, 2009 at 1112 hrs
    
    
    

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