EDITOR OF REDSTATE
Roll Obama Back
Jed Babbin has the top story today at Human Events.
Many of President Obama’s critics argue that he and Democratic congressional leaders are out of touch with America. That judgment is both too harsh and too kind.
It’s too harsh because President Obama congressional Democrats are already reacting to the Tea Partyers’ rebellion against his massive increases in government spending. It’s too kind because the president, Nancy Pelosi and Harry Reid are undeterred. They will do whatever is necessary to convince voters that their relentless pursuit of their hyperliberal agenda will reduce the deficit in the hope that voters won’t stop them until it is too late.
Back in May, Obama’s administration was projecting a deficit of $7.1 trillion for the years 2010-2019 on top of the $1.8 trillion deficit in 2009. Those projections would result in a 2019 deficit that amounted to 82% of the GDP. At that level, America would be a bad credit risk, and the deficit would either result in huge tax increases or an America that would, simply, be bankrupt.