Ordinarily, from January to September of a new President’s first year, the government lives under the budget of his predecessor. That isn’t the case this year. Last fall the Democratic-controlled Congress refused to act on President Bush’s 2009 budget proposal, gambling that by delaying ratification of the budget until the new year, they would also have the Presidency and could write the budget exactly the way they wanted: without any Republican interference.
It worked out for them like they planned. However, the 2009 budget may be a case of “be careful what you wish for.” Barack Obama and the Democrats now own the 2009 budget. Every bit of it. They also own all of the (almost certain to be an underestimated) $1.75 trillion budget deficit, an amount four times the largest deficit President Bush ever created.
If the economy turns around (click here to learn why it won’t), all will be forgiven. However, if the economy tanks, Obama and the Democrats can’t even pretend that it was President Bush’s 2009 budget that made the difference.
Courtesy of Fred Siesel, here’s a line from a sign at one of the New York Tea Party protest:
The recovery begins when Barack Obama loses his job
It should be a bumper sticker.
If you’re up on Facebook, look me up.
I’m looking for a list of looters to boycott. This is a perfect time for the people to take business away from those companies taking cash away from the people.