In case anybody wonders why “compromise” with any Democrat “deficit reduction plan” merely means going to hell in a slightly slower handbasket, the Congressional Budget Office’s analysis of Obama’s plan to get America back on sound fiscal footing shows nothing but more of the same as far as tax & spend goes.

From CNS News:

“According to CBO’s projections, if all of President Obama’s budgetary proposals were enacted, they would add $26 billion to the baseline deficit for 2011,” said the CBO analysis. “As a result, the 2011 deficit would total $1.43 trillion or 9.5 percent of Gross Domestic Product.” Under the baseline projection, as of April, CBO estimated the deficit this year would reach $1.399 trillion.

“In 2012, the deficit under the President’s budget would decline to $1.2 trillion, or 7.4 percent of GDP, CBO estimates. That shortfall is $83 billion greater than the deficit that CBO projects under the current baseline,” said the CBO report. “Deficits in succeeding years under the President’s proposal would be smaller than the deficit in 2012, although they would still add significantly to the federal debt.”

“In all, deficits would total $9.5 trillion between 2012 and 2021 under the President’s budget (or 4.8 percent of total GDP projected for that period)–$2.7 trillion more than the cumulative deficit in the CBO baseline,” said CBO.

So doing nothing would slow spending faster than implementing Obama’s “deficit reduction proposals.” How very… un-surprising.

The fact is that the White House will be incapable of coming up with anything that reverses the “road to bankruptcy” trend. They can’t. There is no “reverse” gear on their tax & spend console — their only tax & spend gears are “overdrive” and “afterburner.”

Comments

13 Responses to “Of Course: Obama’s Deficit Reduction Proposals Would Increase Deficit $2.7 Trillion Over 10 Years”

  1. Marshall_Will on July 18th, 2011 12:34 pm

    Implementation of the Soft Coup revolve around (2) things financially. Trajectory and Rate of Change.

    He seems to think if he can get and KEEP us on an EU hell in a handbasket pace the course will become irreversible. He… would be RIGHT! Here's the deal, in Proggies minds, the reason Euro Socialism failed last time was b/c the States weren't fully on board!

    We were dragging them down, holding them back! They know where the Point Of No Return Number is, all they have to do, is barely eclipse it. Game Over.

  2. cdl on July 18th, 2011 12:52 pm

    spot on M_W

  3. backwoods on July 18th, 2011 1:48 pm

    "The fact is that the White House will be incapable of coming up with anything that reverses the “road to bankruptcy” trend. They can’t. There is no “reverse” gear on their tax & spend console — their only tax & spend gears are “overdrive” and “afterburner.”

    Very well put.

  4. SignPainterGuy on July 18th, 2011 2:04 pm

    I totally reject the socialist / communist / progressive premise that 3rd world countries are the crap-holes they are because the US and other westernized countries have hogged up all the goodies. 3rd world cos. are that way because, by not improving their own lots, they have chosen their situations. They have no one to blame but themselves. Shut up already or get on the ball and quit bitchin` and whining !

  5. Michelle Malkin » Shared Sacrifice: White House Threatens Another Veto, This Time of Bill Containing Budget Cuts to Executive Office on July 18th, 2011 3:12 pm

    [...] reduction” proposals they’ve come up with would, if all were implemented, increase the deficit $2.7 trillion over ten years according to the [...]

  6. Marshall_Will on July 18th, 2011 3:19 pm

    SPG,

    No country illustrates that more clearly than the Philippines. Marcos was the "benevolent dictator" Obie dreams of becoming. Martial Law. Strict gov. control of the media. Crony capitalism, price controls, Gov. control of industries, concerts in the park for The People!

    The P.I was long considered 'hopeless'. And I mean across the board. U.S Presidents, the Admiral's Staff, big-whig economists and finally, the Filipinos themselves! We keep trying to draw parallels to Euroland but Marcos is the model Obie shows the most devotion to.

    They finally threw OFF all the cronies and phonies and made REAL changes there! Things are by no means perfect but their rejection of centrally planned -everything- has finally shown positive results. In fact, Post Bust, I'd say they're doing better than WE are right now!?

  7. Shared Sacrifice: White House Threatens Another Veto, This Time of Bill Containing Budget Cuts to Executive Office | Conservatives for America on July 18th, 2011 3:31 pm

    [...] reduction” proposals they’ve come up with would, if all were implemented, increase the deficit $ 2.7 trillion over ten years according to the [...]

  8. SignPainterGuy on July 18th, 2011 3:41 pm

    The force is strong with you, M_W !

    That is good news indeed for the P.I. Our immense size will make it harder of course, but we can correct the wrongs too. And your assessment of Teh Won is also likely SPOT ON !

    More please, Prof. _Will !

  9. Marshall_Will on July 18th, 2011 4:49 pm

    Thanks guys, but it's really a simple matter of having LIVED thru it. I was stationed there from basically 1982 ( Aquino Assassination, yeah he was getting a little 'lippy' anyway! ) up to and thru Marcos' Dethronement.

    What they called "People's Power" ( we call the Tea Party! ) Totally grass roots movement w/ zero funding, no discernable leader, a handful of yellow t-shirts ( Morcos loyalists wore Red ) and lots of B@LLS!

    Same basic BS. Ferdinand cleaned out the Nat'l Bank and divvied it up amongst his closest buds. The US Navy braced for what appeared to be only weeks away from a MAJOR crackdown! In the end, when Gobmint workers refused to show up.., the military buckled and threw their support behind the protestors.

    Just never thought I'd have to go thru it twice in (1) lifetime?

  10. SignPainterGuy on July 18th, 2011 7:13 pm

    Someone said today on the radio that Zero could declare marshal law and disrupt the election process and blah, blah, blah. I just hope that if that happens, the Oath Keepers "keep their oaths" not to follow their orders against the citizens who`ll no doubt resist King Oblunder !

    That must have been quite a harrowing experience M_W, and a source of invaluable insight !

  11. Marshall_Will on July 18th, 2011 7:47 pm

    Harrowing indeed. Especially w/ a young wife and 2 y.o! I'm finally at a point where I'm comfortable talking about it. For years it was…, "Oh well, they're just a buncha' 3rd World dupes. That would never be allowed to happen in America!"

    Guess again! It can and HAS. The parallels are uncanny. Because the rank & file Filipino people were coming off a protracted, and YES! ( gov't engineered crisis and recession ) they were in the same position. Fearful, flat-broke and FED UP!

    Many were even questioning their own faith? They looked at their near-starving family, got daily lip-service press releases from Their One and openly asked, if there was a God, wouldn't he have gotten us out of this MESS by now? And Marcos KNEW it! While ppl were waiting for God, he was robbing them blind.

  12. Michelle Malkin | New Article Directory on July 19th, 2011 2:52 am

    [...] The latest ?deficit reduction? proposals they?ve come up with would, if all were implemented, increase the deficit $2.7 trillion over ten years according to the [...]

  13. Michelle Malkin | Fresh Articles on July 19th, 2011 3:14 am

    [...] The latest ?deficit reduction? proposals they?ve come up with would, if all were implemented, increase the deficit $2.7 trillion over ten years according to the [...]

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