It's pretty hard to stomach when President Obama even talks in terms of cutting the deficit, because his entire economic philosophy compels him to keep spending as if his goal were to impoverish our children and because he continues, in fact, to spend at such bankrupting levels.
Reuters reports that Obama's proposed budget would cut the deficit by $1.1 trillion over 10 years. Are you kidding me? We wouldn't even come close to balancing the budget if we applied all those cuts in one year, but spread out over 10 years, they are insulting. Plus, many of these "cuts" would be solely the result of bringing troops home from Iraq and Afghanistan.
We also learned that Obama's deficit for 2011 would not be the outrageously obscene $1.5 trillion the Congressional Budget Office revealed last month, which was already substantially above last year's $1.3 trillion, but a staggering $1.65 trillion.
With their signature audacity and cynicism, White House officials dubbed the administration's 10-year plan a "down payment" on future deficit reduction. I'm not sure that even George Orwell could wrap his arms around such sophistry. To call an enormous increase in an already gargantuan budget deficit a "down payment" on anything (other than this nation's imminent financial ruin) does violence to the English language.
The administration would have us believe that its enormous deficits are the new base line and that as long as we keep deficits at, say, $1 trillion, we are moving toward balancing the budget -- wholly ignoring that our national debt would be increasing by $1 trillion every year.
You don't make progress toward balancing the budget by deliberately jacking up federal discretionary spending to unprecedented levels and then locking in those unsustainable figures with a spending freeze. You don't decrease deficits by first increasing them, and you can never make headway on reducing the national debt until you eliminate deficits altogether.
Putting aside the deceit in the term "down payment," what is with the administration's idea that we need to ease into fiscally responsible behavior? How can Obama and company pat themselves on the back for their perpetual deferrals of real budget cuts in exchange for endless empty promises that we're really going to get serious about this next year or the one after that?
The ugly truth is that they aren't serious about it, because, in addition to their paltry proposed cuts in discretionary spending, they're not even pretending to tackle the entitlement crisis, which is where the real fiscal problem lies, as everyone knows.