Impressively Breaking Yet Another Record of Debt
Michelle Malkin: Debt deluge: Here comes the $1.6 trillion flood of red ink
Peter Orszag blogs this morning about the newly unveiled, $3.8 trillion White House budget: “The Budget lays out a plan to put the country back on a sustainable fiscal path.”
Via the House Republicans, this is what the Obama administration’s idea of a “sustainable fiscal path” looks like:
The WSJ breaks the debt deluge down further:
President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year, but would push the red ink down to about $700 billion, or 4% of the gross domestic product, by 2013, according to congressional aides.
The U.S. won’t drown from the “man-made” global warming. It’ll drown from the red ink courtesy of Mr. Barack “Spending Freezer” Obama.
Hope and Change = Hoping for some spare change.