Thursday, February 26, 2009
The Deficit This Year
This kind of deficit in the first year of a Presidency -- let alone the first month -- is beyond bizarre. If you want to destroy an economy and enslave future generations to the government, this is certainly the way to do it. Obama is claiming he will cut the deficit with tax increases. Now there's a brilliant idea. Try to take a trillion dollars out of the economy during a recession. Do that, and the economy will tank even more, and there will be far less money going into the Treasury. I'm going to give him the benefit of the doubt and just assume he's one of the most economically ignorant people to ever walk the planet. The alternative is too frightening to contemplate.