This morning, the Washington Post gave us a preview of Obama’s upcoming 2010 budget proposal—expected to be announced on Tuesday.
After spending $775 Billion on a stimulus bill that will have limited value in actually stimulating the economy, apparently O has become a fiscal conservative…now concerned with our national deficit. So bold is the plan, his White House budget director Peter Orszag states: “We will cut the deficit in half by the end of the president’s first term.”
Ah…but what Orszag really means is after the spending authorization of the stimulus bill ends, O’s budget deficit for 2013 will actually be $126 Billion more than Bush’s last budget and $562 Billion more than what was projected for FY13.
What’s the secret behind O’s sudden move to government accountability? First, he is going to slash the supplemental requests for the wars in Iraq and Afghanistan–a series of spending which was always scheduled to go away.
Second, he is planning to follow through on his pledge to repeal the tax cuts of 2001 and 2003. Yes, that’s what we need…increase the tax on some 750,000 to 900,000 small businesses who actually employee American workers.
Maybe O is becoming more Republican in his thinking…unfortunately that Republican is Herbert Hoover.