EDITOR OF REDSTATE
3.8 Trillion for What?
Here’s today’s top story at Human Events.
Despite President Obama’s feigned concern about sky high federal spending, escalating budget deficits and mounting government debt, all three are expected to grow much worse under his new budget proposals.
Overall spending will be approaching a record $4 trillion in fiscal 2011, which begins this October, the deficits will still be in the trillion dollar range by the end of this decade and the government’s national debt will continue to climb exponentially as a result of persistent overspending.
“Last year’s budget was historically irresponsible and yet this year’s budget would spend $1.7 trillion more and run deficits $2 trillion greater over the same 10-year period,” Heritage Foundation’s chief budget analyst Brian Riedl told Human Events.