$128 billion surplus morphed to giant deficit
Posted by Moonage on 28 Jul 2008 | Tagged as: Fed Policy
That’s the teaser on CNN. Here’s some of the meat:
Now, Kent Conrad, as noted, is on the Senate Budget Committee. Legislation is controlled by Harry Reid and Nancy Pelosi, two DEMOCRATS. The budgets come from committees, ALL CONTROLLED BY DEMOCRATS.
In simpler terms, if they don’t like the budget, they can change it. They can balance this budget right now if they so choose.
What are the chances Harry Reid and Nancy Pelosi are going to do anything about this fiscal irresponsibility other than blame the budgets they pass on someone else?
Zero.
When Nancy Pelosi took over the House, she promised to end this fiscal irresponsibility.
It’s only gotten much, much, worse.
However, if Harry and Nancy do dick around with the budget, which they say they’re trying to do, I imagine the economic downturn that coincides with their taking over the House and Senate will only get much, much, worse.
So, they’re kinda screwed. However, if CNN keeps ignoring them and instead focusing on people that recite the party line, Harry and Nancy will keep getting passes while things continue to get much, much, worse.
And if Obama does win, given his same rhetoric of fiscal irresponsibility, he will be so, so, screwed when he tries to stop Harry and Nancy from making things much, much, worse.
You heard it first folks. That’s really a shame too.
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