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Wednesday, August 12, 2009

Soaring deficits defy forcasts? Are you kidding?

Well, they may defy the stuff that the White House puts out as a forecast, but reality insists.

From the article:
Stagnant unemployment, shrinking tax revenue and a struggling economy threaten to quadruple the size of last year's federal budget deficit, raising more questions about the timing of costly proposals to overhaul health care.
When a left wing rag like usatoday says something like that then you can bet things are looking bad.

Another jewel:
Lawmakers are struggling to pay for a plan with a mix of tax increases on upper-income people and Medicare spending reductions aimed at doctors, hospitals, drugmakers and insurers.
That is in a secret code. It means "Lets try to finish off the economy and bankrupt all doctors and hospitals so we can have a real 'crisis' that the government can 'solve'."

The economy is set to shrink by 2.6% this year, more than twice what the White House predicted in February and May.
It must be George Bush's fault.

1 comment:

Paladin said...

I should have started keeping a counter, ticking off every time this administration made some sort of "estimate" on either benefits or expenses and was wildly off target.

Of course, I'm sure the promises of Obamacare being budget neutral are right on target.. I heard him say so the other day, so it must be true.


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