federal budget

Obama Budget Irresponsibility Inconsistency

Page 14 of the President’s FY2010 budget “blueprint” contains a section called “Fiscal Irresponsibility” that deserves scrutiny:

“Another manifestation of irresponsibility is the large budget deficits we are inheriting. These deficits, over time, will harm economic growth and impose burdens on our children and grandchildren.”

True.

President Obama’s Budget: Higher Taxes & Bigger Government

“As soon as I took office, I asked this Congress to send me a recovery plan by President’s Day… Not because I believe in bigger government – I don’t. Not because I’m not mindful of the massive debt we’ve inherited – I am.”
     –President Obama to congressional joint session, February 24

President Obama said some encouraging words about federal spending in his first major speech as president, but the budget released by his administration today reveals a substantial disconnect between his rhetoric and his policy.

Pentagon 1, Obama 0

Planning for the 2010 federal budget began in 2008. The Office of Management and Budget instructed agencies to prepare documents for the incoming administration showing “current services baselines” and program estimates for the coming fiscal year. That means “just explain what you’re spending now and project it forward for next year.” The idea was to allow the Obama appointees to shape the budgets quickly when they came into office.

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