Friday, March 5, 2010

Huge Budget Shortfall

See this article on the Bloomberg website which begins with an apocalyptic paragraph:
President Barack Obama’s budget proposal would generate bigger deficits than advertised every year of the next decade, with the shortfalls totaling $1.2 trillion more than the administration estimated, according to the Congressional Budget Office.
That is no small error and the CBO is non-partisan, too. It would appear that the "tax and spend Democrats" have become simply the "spend Democrats."