Obama Passes The Fiscal Buck
Posted by: Staff in Fiscal Responsibility on
Apr 5, 2009
By now, you know that the fiscal instanity that is President Obama's budget spends too much, taxes too much and borrows too much. Did you know that it also passes the buck?
President Barack Obama boasts that he'll reduce spending on key domestic nondefense programs to their lowest levels since the 1960s, but he and Democrats in Congress are on a spending spree not seen since then.
When does Obama promise savings?
What Obama didn't say is that, under his budget, that low percentage won't be reached until fiscal 2019. Even if Obama serves two terms, fiscal 2019 won't begin until nearly two years after he leaves office. (emphasis added)
Help restore fiscal discipline by joining Senator Ensign's Restore Fiscal Responsibility Facebook group.