Forget “Too Big To Fail”
This is too big to succeed: The Obama administration is about to admit that A) it was wrong about the size of the ten-year deficit, B) It was completely wrong about the size of the ten-year deficit and C) That their criticism of the Congressional Budget Office’s completely correct assessment of the real ten-year deficit was selfish and stupid and that team Obama couldn’t find its collective rear end with both hands.
Only kidding about C). They admit nothing. Other than the fact that they were epically wrong:
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.
Seriously, folks. I really don’t care what ideology appeals to you. You should be terrified of numbers like these. This is money we do not have, have no business spending like this and sure as hell should not be spending more into.
These are economy-killing numbers. These are failed nation-state numbers. These are consigning your children and grandchildren to poverty and outright serfdom numbers. They will be handed the bill for all this and be forced into paying all this back.
I take back the initial line to this post. These numbers are big enough to succeed. Just not at one one would normally call anything like real success.
Stop. Spending. Now. Get this mess under control. Now. No more.
No more.
UPDATE: Obama’s agenda is in real trouble. His best and brightest were off by 30% in the wrong direction on their budget projections. His allies in congress are facing very pointed questions about Obama’s schemes. What’s a guy to do?
Obamantics | Gaius August 21, 2009
By crosspatch, August 21, 2009 @ 11:15 pm
Didn’t he just HAVE a vacation last week?
How many vacations does that guy need?