Obama Lowballs His Budget By $2 TRILLION, And You Trust Him On Health Care?

Hats off to the Gateway Pundit for punditry.  Following the Obama remark about people getting wee-weed up, GP pointed out that “It looks like Dear Leader was a wee bit off” with his budget.  To the tune of $2 trillion.  Which, clearly, really is something to get wee-weed up about.

WASHINGTON (Reuters) – The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday.

The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further fuel to President Barack Obama’s opponents, who say his spending plans are too expensive in light of budget shortfalls.

The White House took heat for sticking with its $7.108 trillion forecast earlier this year after the Congressional Budget Office forecast that deficits between 2010 and 2019 would total $9.1 trillion.

“The new forecasts are based on new data that reflect how severe the economic downturn was in the late fall of last year and the winter of this year,” said the administration official, who is familiar with the budget mid-session review that is slated to be released next week.

Well, at least they didn’t say, “Because of George Bush…” or “Due to the evilness of the Republicans’…”  So maybe they’re growing in maturity to match their skyrocketing deficits over at the White House.

Barack Obama is going to quadruple George Bush’s highest deficit ever – and that is if his other incredibly rosy projections (which continue chugging merrily along like a magic-powered choo-choo train) pan out.  Obama has demagogued and demonized Bush at every turn, but he can’t blame the boogeyman for his deficits.

It is simply a fact: Obama’s first-year deficit, the largest in history, is over four times bigger than George Bush’s last deficit of 2008, which HAD been the largest in history until Obama blew that record away as though it had never existed.  An American Thinker article demonstrates the massive cognitive dissonance of Democrats; they want to demonize Bush for his government spending even as they defend Obama’s FAR more massive government spending.  The Washington Examiner’s Byron York headline says it all: “Obama’s trillions dwarf Bush’s ‘dangerous spending.'”

Barack Obama underestimated his own spending deficit by $2 trillion; nearly 29% off in just six months.  That aint exactly good budgeting.  Rather, it is unprecedented BAD budgeting.  Obama had all kinds of bogus assumptions, fuzzy math, and rosy scenarios.  And the new $9-plus trillion figure doesn’t take into account all the other stuff that Obama is intending to do, such as spend well over a trillion more on his government health care takeover.

It’s frankly even worse than your very worst fears: Barack Obama’s 2009 deficit exceeds all 8 years of Bush red ink.

Let me put it this way: I have believed that Barack Obama would be the downfall of this country from the day I heard his reverend for 23 years shout, “No, no, no! Not God bless America — God damn America!!!” while Barack Obama’s fellow congregants leaped to their feet and cheered wildly.  I thought he would be a complete and unmitigated disaster – and I never dreamed he would do this much damage this quickly.

Speaking of terrible budget nightmares, Obama’s somehow transforming his “half” of the $700 billion Troubled Asset Relief Plan into $23.7 Trillion isn’t exactly great budgeting either.  Did somebody say we were supposed to stop spending after we got to $350 billion?  Oops.

Giving Obama’s liberals control of health care will be rather like giving Stalin’s Red Army control of Berlin; it just aint going to end well.

The CBO also has revised its figures from just five months ago upward by $2.7 trillion, pointing out that its earlier number didn’t include legislation since passed by the Democrat-controlled Congress.  The math is a mess; we literally cannot keep up with the frenzied pace of our own spending.

So when Democrats and liberals talk about the projected costs of health care, just realize that neither they, or the CBO – which at least usually TRIES to be accurate in its projections – have any credibility whatsoever.

Bob Franken hits it right on the money: The $9 trillion is the central figure in the health care debate.  You can watch the debt clock spiral up moment by terrifying moment for hours.

In another issue, Democrats have been mocking the word “death panel,” but…

… The whole damn SYSTEM is one great big giant death panel.  As well as being a gigantically expensive one.

If Democrats get control of health care, they will explode it with massive bureaucracy, they will have no choice but to ration health care, and people will die.

Tags: $2 trillion, $23.7 trillion, $9 trillion, bailout, Bush, CBO, death panel, deficit, demagogue, demonize, four times higher, Obama, rosy projections, TARP, White House