Why Trifle Over a Measly $2 Trillion


On February 26, 2009, the Obama Administration released it’s first budget projecting a net deficit over the next 10 years of $7.1 trillion. The Congressional Budget Office scored the budget and said, no, the deficit would be $9.1 trillion over that 10 year period. The administration didn’t like that number and insisted it was wrong. Forget that the CBO is a non-partisan organization whose entire reason for existing is to answer such questions, that number was just too high and the administration didn’t want to admit to saddling the country with that kind of debt. chart_budget3

I’m not sure why they were worried about that, their friends and non-journalists in the main stream media published this chart without so much as mentioning that not one single year was projected to be in the black. Nor did they mention that this preposterous level of spending didn’t even include the additional $1 trillion that Obama’s team projects universal health care will cost (again, the real economists say that number is more likely to be $2 trillion).

This week, in a shocking development that absolutely everyone saw coming, the administration admitted that yes, the real deficit number will be exactly what the CBO said it would be – $9.1 trillion! And this number still doesn’t include the costs of a universal health care program. Nobody seemed to care very much, certainly not Obama’s campaign publicists, aka the main stream media.

Some may ask why I would trifle over a measly $2 trillion. After all, what’s another couple trillion dollars at this point. We are drowning in these mind-boggling large numbers that are beyond comprehension for most Americans. And that’s exactly what the policy makers count on. And that is why it should matter to all Americans. It should matter that our government is spending like a group of drunken sailors on shore leave and expecting you and I to pick up the tab. Actually, that’s not true, were we able to give the politicians a truth serum, they would tell us they have absolutely no idea how to pay for this. Yet, they keep spending, and America keeps letting them.

$9.1 trillion over the next 10 years will mean a federal debt of more than TWENTY TRILLION DOLLARS by 2019 and that’s if the politicians are able to control themselves and stick to a budget – a laughably unlikely proposition if ever there were one. Maybe it is time to trifle.

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