Well the CBO did it's perfunctionary review of Obama's budget and guess what? Read on and be very very scared....

Fiscal Policy: In his budget message, the president says "the time has come to usher in a new era of responsibility." But a new report shows the only thing his budget delivers is an unprecedented era of deficits and debt.
Late Friday, the Congressional Budget Office issued its review of the Obama budget. It's a standard exercise for the CBO, except this time the results were stunning.
According to the CBO, the Obama administration lowballed its deficit forecast by $482 billion over the next four years and $2.3 trillion over the next 10. In other words, the CBO says that 10-year deficits will be 33% higher than the president claims, should his plans get enacted.
This makes Obama's budget one of the worst accounting jobs ever put forward in modern times by a new administration.
When the CBO reviewed George W. Bush's first budget, for example, the difference between what Bush said his budget would cost and what the CBO said it would cost was minimal. Ditto its review of Clinton's first budget.
Even Reagan's first budget, which was widely panned for allegedly employing rosy scenarios to cook the numbers, differed from the CBO by just 1.2% in projected revenues and 5% in spending over the first four years.
So why the huge gap between Obama and the CBO?
Obama's team employed one of the oldest budget tricks in the books — exaggerating economic growth — to hide the true cost of his tax and spending plans. Budget forecasts are hugely sensitive to predictions about GDP growth, inflation, unemployment and interest rates. Even slight differences can have a huge impact on projected outlays and revenues.
And in his budget, Obama is positively Pollyannaish about the economy, predicting 3.2% real GDP growth next year, compared to the CBO's 2.9% and the Blue Chip consensus forecast of 1.9%. While the CBO and Blue Chip think unemployment will be 9% in 2010, Obama claims it will be only 7.9%. And so on.
Shorn of these tricks, the CBO finds that what remains is a fiscal plan that will leave the country mired in gargantuan deficits and debt.
Over the next decade, Obama's plan will produce annual deficits averaging 5.3% of the economy — compared with a post-war average of 2%. Even Obama's own budget director says that's unsustainable. Meanwhile, the national debt will hit 82.4% of GDP in 2019 under Obama's plan, according to the CBO, more than double the post-war average.
Worse, none of this includes Obama's pledge to expand health coverage. In his budget, he sets $606 billion over the next decade for health reform — through Medicare cuts and new taxes. But that's less than half the money most experts say is needed to fulfill Obama's universal health care pledge, leaving still more federal debt on the books.
Worse still, Obama would pile on all this debt just before the baby boomers start retiring in earnest, putting intense new pressures on federal deficits. Social Security's annual deficits will top $100 billion in 2020 and quickly go up from there, according to the Social Security Administration.
In response to all this, the administration says it's not giving an inch on its huge spending plans. And it goes on to dismiss the CBO as unreliable. "The CBO's projections," Obama budget director Peter Orszag wrote on the White House Web site, "are subject to a high degree of uncertainty."
It's a new era, all right. But clearly not a more responsible one.



Maybe he can go on David Letterman next?


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You haven't countered nothing, because the points you made are not valid, you are basing your counter on information you don't understand, regardless the accuracy of the information, because it does not state what you are saying.. (Brazko)

everything that's happening is Bush's fault, Obama is just here to clean up his mess and It's very difficult. Everyone seems to be blaming Obama when the true creator of the downfall of this country is that fucken puppet bush.

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I'm thinking of a Master Plan.......

You obviously didn't read the post...

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You haven't countered nothing, because the points you made are not valid, you are basing your counter on information you don't understand, regardless the accuracy of the information, because it does not state what you are saying.. (Brazko)

No I didn't, I just felt like ranting, my eye's hurt too much to read all that.

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I'm thinking of a Master Plan.......

Explain how him spending Trillions of tax payer dollars and putting this country into epic debt is bush's fault? I'm not saying there is no fault for bush (or any other politician) but come off it. We haven't had a "True" President in a long time. They are all puppets for the money power, right or left doesn't mean shit.

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Its all a lie! http://www.rollitup.org/grow-journal...ml#post2479535

I really hate debating and going back and forth, like I said, I just wanted to rant. Strangerdude out!

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I'm thinking of a Master Plan.......

SOK Strangerdude, you fessed up which is more than most will do.

But seriously, this is crazy stuff going on.

There are already signs that we are going to pull out of this recession, and since none of Obama's policies have had any effect so far, the recovery is not of his doing. But this straddling the US with MASSIVE debt that will be with us for a very very long time is irresponsible. Imagine in thirty years, citizens will be told that they are paying off a debt, for a recession which occurred around the turn of the century!!

This is what happens when you elect someone with ZERO experience coupled with the worst Congress in our history.

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You haven't countered nothing, because the points you made are not valid, you are basing your counter on information you don't understand, regardless the accuracy of the information, because it does not state what you are saying.. (Brazko)

for two yrs the conservative members on this web site have been preaching this message. not one person was able to explain how obama even qualified to be potus. we have also been yelling fire about his underlings, to only fall on deaf ears.
so, here we are.....
we promoted the worst congress in history by electing obama.
the cast of characters in obamas cabinet include, tax cheats and the old shady clinton war dogs.
watching the human gaff machine named hillary is embarrassing at best.
when she met with the russian foreign minister and couldn't say his name, then to hand him a prop of a reset button without knowing what is inscribed is seriously shocking. example of her qualifications is lacking.
omg she was almost president
lol dude, I could just rant on forever as I go down the list.

people can say the republicans are evil racist money hoarding scum, but one thing they can't say is the republicans are inept. and that my friend sums up the democrats in one word; inept.

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"Years ago, my mother used to say to me, In this world, Elwood, you must be oh, so smart or oh, so pleasant.' Well, for years I was smart. I recommend pleasant. And you can quote me." Elwood P Dowd.

Corrupt comes to mind.

I can remember Hillary stating that her top mission as Secretary was Global Warming. I nearly fell out of my chair. Huh? Imagine Kissinger saying that...

That told me she wasn't expecting any other victories, so it would be best to lead with something which is already fooling everyone. "I beat Global Warming"! Our true threat... lawdy.


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You haven't countered nothing, because the points you made are not valid, you are basing your counter on information you don't understand, regardless the accuracy of the information, because it does not state what you are saying.. (Brazko)

can i post or what