In an enlightening article in the Wall Street Journal, Kimberley Strassel pens The Deficit-Hawk Blues. It’s down-right scary and the hypocrisy of the Democrats is all but too obvious. The question is when will voters sit up and take notice?
If they gave out Olympic medals for fiscal irresponsibility, President Bush
would take the gold, silver and bronze.
– North Dakota Sen. Kent Conrad, July 2008, commenting on a projected 2009
deficit of $482 billion.
I would describe it as a good beginning.
– Sen. Conrad, February 2009, commenting on President Barack Obama’s 2010
budget.Projected deficit: $1.75 trillion.
…now we have a new president, with a new budget, and plenty of tax
hikes. Even after the administration rips away the Bush tax cuts for the
“wealthy” and limits their deductions, and levies a monstrous middle-class
tax on carbon, and hammers the investor class with higher taxes on capital,
and squeezes money out of dead people, it still can’t get anywhere near
filling its budget hole.
2006: the deficit was, oh, 2.8% of GDP
2010: deficit estimated at, oh, 12.3% of GDP
Is America listening…paying attention??? Is this the gift of “change” that just keeps on giving? Have you hugged you children and/or grandchildren today and said “I’m sorry”?!?
This is an important article worth reading...the hypocrisy of Democrats and President Obama are as boundless as his deficit spending!