4 Responses to Is Team Obama Cooking the Books on Budget Forecasts?

1. Franklins Locke says: 1

   This irresponsible spending is frightening. I just hope for the nation that the Republicans in Congress can stop some of this or slow it down. Jefferson said that passing debt to the next generation is immoral and he was right.

   What is astonishing to me is that very few people are explaining what this spending, debt, and the like is going to do to our economy. Not enough credible people are explaining how all his affects our dollar and aspects of our economy in short and long runs.

   I hope someone begins to spread the word on this and the people who were sleeping at the wheel during the election wake up even more and realize what this will do to ALL of us, not just businesses and the rich. There won’t be a country left for the Liberals to control if they keep this up.

   http://franklinslocke.blogspot.com/

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   February 27, 2009 at 12:08 pm
2. Hard Right says: 2

   Psychotic spending along with universal healthcare and a cap and trade. I hope we can undo the mess when we get the chance. We are going to be hurting as a country very soon

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   February 27, 2009 at 12:47 pm
3. Missy says: 3

   Cooking the books or math errors?

   ALL Student Loan’s CEO Says “Math Error” in U.S. Department of Education Student Loan Proposal Requires Trillion-Dollar Increase in National Debt

   Quentin Wilson, President and CEO of ALL Student, issued the following statement regarding the U.S. Department of Education budget proposal:

   “I strongly support President Obama’s goal of increasing the completion rate of education beyond high school in the United States. Unfortunately, in conflict with budget language promising ‘rigorous evaluation’ to ‘learn from what works,’ the President’s FY2010 budget proposal recommends an ineffective and costly nationalization of student lending under the authority of the U.S. Department of Education.

   “Ironically, the weakest part of this Education Department plan involves a serious ‘math error’:

   – The proposal fails to account for the cost of expanding government
   borrowing by nearly one trillion dollars over the next ten years to finance
   the plan. The plan suggests this borrowing — up to $100 billion per year
   — will cost the government nothing, as if the overseas governments and
   investors lending the money will not expect interest to be paid.</blockquote>

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   February 28, 2009 at 9:55 am
4. ditto says: 4

   They still haven’t explained sufficiently where they are going to get the money for all the spending they have just passed. (Not to mention what they want to spend in the future.) China can not afford to finance very much more of our debt.

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   March 2, 2009 at 12:32 am