George Will – The United States of Fiscal Folly

WASHINGTON — On Day One of his vow to take “meaningful steps to rein in our debt,” Barack Obama asked Congress to freeze portions of discretionary domestic spending. This would follow an astonishing permanent expansion: Republicans on the House Budget Committee say appropriations bills Obama has signed, along with his stimulus spending, have increased discretionary domestic spending 84 percent. He almost certainly will not keep his promise to veto spending bills when Congress, as it almost certainly will, largely disregards his request.

On Day Two, taking a break from the rigors of austerity, he was in Tampa, Fla., promising $8 billion for high-speed rail projects there and in a dozen other places. Four days later, he released a $3.8 trillion fiscal year 2011 budget that would add another $1.3 trillion to the national debt. The budget reveals that the deficit emergency is not so great as to preclude another stimulus, aka “jobs bill.”

RealClearPolitics – The United States of Fiscal Folly.

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