Saturday, February 06, 2010

THE WHITE HOUSE unveiled its $3.8 trillion dollar budget - with $1.6 trillion in red ink. Michelle Malkin quotes OMB Director Peter Orzag: "The Budget lays out a plan to put the country back on a sustainable fiscal path."

Uh, huh. And I'm the King of England.

Here are the budget projections. And here's what infuriates me. The black dashed line is a 5.63% inflation rate trend line: government over the last ten years has grown at something exceeding 5.6% and is projected to continue at that rate for the forseeable future.



The solid white line is the average annual U.S. inflation rate for the last ten years (2.57%) projected to the year 2020.

The federal government has been growing over 3% faster than inflation for the last 10 years and is projected to continue to do so for the forseeable future!

Incredible.

And the deficit? Well, the good news is that - if you believe Orzag's rosy projections - it won't be over a trillion dollars beyond 2012 ....


Is it any wonder that the Tea Party movement is growing so spectacularly?

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