Monday, February 01, 2010

Kissing Reality Goodbye

Today the Obama administration unveiled its budget for FY 2011. The budget ostensibly covers the next ten years, but its projections for future years are meaningless. The only year for which it has any significance is 2011, in which it anticipates $3.8 trillion in spending and an astonishing $1.6 trillion deficit. In 2006, the last year in which the Republicans controlled Congress, the deficit was $248 billion--one-seventh what Obama proposes for next year.

In his budget announcement today, Obama said: "[O]ur government is deeply in debt after what can only be described as a decade of profligacy." So he proposes to put the country far more deeply in debt through profligacy of a sort that was undreamed of just a few years ago.

Either Obama has completely lost touch with reality, or he thinks we have.

Obama won in 2008 with what Michael Barone called a "top and bottom coalition."
Now, Obama can kiss the top part of that coalition goodbye.