Obama's Louis XV Budget

[Geee]

Human Events:




WASHINGTON -- Five days before his inauguration, President-elect Obama told The Washington Post that entitlement reform could no longer be kicked down the road. He then spent the next two years kicking -- racking up $3 trillion in new debt along the way -- on the grounds that massive temporary deficit spending was necessary to prevent another Great Depression.

To prove his bona fides, he later appointed a deficit reduction commission. It made its report last December, when the economy was well past recession, solemnly declaring that "the era of debt denial is over."

That lasted all of two months. The president's first post-commission budget, submitted Monday, marks a return to obliviousness. Even Erskine Bowles, Obama's Democratic debt commission co-chair, says it goes "nowhere near where they will have to go to resolve our fiscal nightmare."