Wednesday, February 23, 2011

"What Will It Take to Startle Obama Into Reality?"

[President Barack Obama] said, with a startling degree of casualness, "We will not be adding more to the national debt. ... We're not going to be running up the credit card any more."

Now juxtapose that sentence with the facts, even as he presents them. He has pledged to freeze -- at already unacceptably high levels -- domestic spending for five years. What cuts he would make over the next 10 years would only total $1.1 trillion -- an average of just over $100 billion a year.

Look at Obama's own budget deficit projections for the next decade, beginning with 2012. 2012: $1.101 trillion, 2013: $768 billion, 2014: $645 billion, 2015: $607 billion, 2016: $649 billion, 2017: $627 billion, 2018: $619 billion, 2019: $681 billion, 2020: $735 billion, 2021: $774 billion. Total for 10 years: $7.205 trillion -- an average deficit of $720 billion per year.

You simply cannot square these numbers with Obama's statement that he wouldn't be adding to the debt, unless he's actually confused about the difference between "deficits" and "debt," and that's almost as scary a thought as the numbers themselves.

That is, when you operate at staggering deficits that will add almost three-quarters of a trillion dollars to the debt each year, you are adding to the national debt; you are continuing to run up the national credit card. A third-grader could understand that.

So tell me: What do you make of a man who presents a projected 10-year budget that, best case, would add $7.205 trillion to the national debt but simultaneously tells you he won't add to the debt?

What would it take to startle this man into reality?...

(From David Limbaugh's latest column, "Responsible Adults Cannot Ignore These Numbers.")