So Much for Obama’s ‘Honest Budget’

By: Brian Faughnan (Diary)  |  March 20th at 11:50 AM  | 

This seems to be more than a rounding error: U.S. Senate Budget Committee Chairman Kent Conrad said on Thursday he expects federal deficit spending will be about $1.6 trillion greater over the next ten years than President Barack Obama’s budget plan forecasts. Obama submitted his budget outline to Congress last month which forecast almost $7 trillion in deficits through 2019, however a worsening economic picture | Read More »

Another Obamise Expires: Honest Budgeting Gives Way to Rosy Scenario

By: Brian Faughnan (Diary)  |  February 27th at 02:53 PM  | 

Greg Mankiw points out that while Barack Obama’s budget promises to increase the national debt by more than $9 trillion over the next ten years, even that figure relies on rosy growth projections that overstate tax revenues. I’ll refer you to Mankiw for the specific numbers. On the average however, Obama projects annual economic growth to be about a full percentage point better than the | Read More »