I got a hearty chuckle from King’s post about the Obama administration’s deficit projections. According King’s chart, the Obama administration, the Obama administration is projecting a $1,500,000,000,000 deficit for FY2010. Eventually, the deficit drops to $522,000,000,000 in FY2013.

A report I heard on TV last night said that the Obama administration is using the rosiest of rosy scenarios for FY2011-13. They’re projecting GDP growth in 2011 at 5.5 percent and 6 percent annual growth in FY2012 and FY 2013. Those numbers aren’t just optimistic. They’re delirious. The highest growth rate for a quarter in the last 20 years came in 2003 when it hit 8.1 percent. The best years of the Clinton administration didn’t average 5 percent.

Dick Morris offered a great insight into the difference between Bill Clinton and Barack Obama. Morris said that Clinton always knew that treating the private sector with respect was the way to grow the economy. Morris then said that Obama thinks of the private sector as the enemy. (I don’t know that I’d go that far but I certainly won’t rule it out either.)

I told a friend that there’s great potential that President Obama’s economic plan will either hurt older people living on fixed income through high inflation spikes or it’ll hurt younger people by lowering GDP growth because Democrats will have pulled so much money out of the private sector to pay for their irresponsible, and unsustainable spending blitz.

We literally can’t afford to let the Obama administration write blank check after blank check to their political allies.

The other thing that’s disturbing about President Obama’s budget is that it’s got reserves built into it that set $750,000,000,000 for TARP funding and $634,000,000,000 for universal health care. TARP’s been a miserable failure and the Obama administration’s universal health care policies will the rationing of health care.

That isn’t the America I want to live in.

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Cross-posted at California Conservative

3 Responses to “Obama’s Fuzzy Math”

  • eric z says:

    If you’re saying Clinton was an Eisenhower Republican, he said that of himself.

    You cannot have “Change” and more of the same at the same time.

    Gary, the Obama approach so far, you see it as too much. I see it as too little. You wait for Obama to misstep. I wait for him to deliver.

    He’s caught between two rival expectations, isn’t he?

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