Saturday, March 06, 2010
And the Big Fool Said to Push On
This morning Ann Althouse blogged about the Congressional Budget Office's projection over the next ten years of Obama's budget proposals.
Responding to Althouse, I took some liberties with Tennyson:
Pete Seeger wrote the other poetry that came to mind about another Democratic president.
P.S. - I wonder when and if the Democrats will ever quit blaming Bush. The Democrats have controlled Congress for over three years and have had the presidency for over a year. As Obama said himself, "we're not campaigning anymore. The election's over." But many Democrats can't seem to grasp this even though they won. They keep trying to hide their incompetence by pointing at Bush. They also like to complain about his spending. The chart below shows a telling sign. The spending really jumped when the Dems took over Congress. The president can't spend a dime that Congress doesn't allocate.
Obama's budget plans would generate deficits over the upcoming decade that would total $9.8 trillion. That's $1.2 trillion more than predicted by the administration.My thoughts went between this and Obama's insistence on passing a horribly flawed health care "reform" bill reminding me of some poetry.
The agency says its future-year predictions of tax revenues are more pessimistic than the administration's. That's because CBO projects slightly slower economic growth than the White House.
The deficit picture has turned alarmingly worse since the recession that started at the end of 2007, never dipping below 4 percent of the size of the economy over the next decade. Economists say that deficits of that size are unsustainable and could put upward pressure on interest rates, crowd out private investment in the economy and ultimately erode the nation's standard of living.
Responding to Althouse, I took some liberties with Tennyson:
Half a league, half a league,My father used to say, "Theirs in not to reason why, but to do or die" a lot for some reason, probably to get me to do his bidding without asking.
Half a league onward,
All in the valley of Debt
Rode the Democrats.
'Forward, the Light Brigade!
Charge for the guns' he said:
Into the valley of Debt
Rode the Democrats.
'Forward, the Obama Brigade!'
Was there a man dismay'd?
Not tho' the soldiers knew
Some one had blunder'd:
Theirs not to make reply,
Theirs not to reason why,
Theirs but to spend and die:
Into the valley of Debt
Rode the Democrats.
Pete Seeger wrote the other poetry that came to mind about another Democratic president.
The Sergeant said, "Sir, with all this equipmentUnfortunately to many are more than willing to follow the big fool into the big muddy.
No man will be able to swim."
"Sergeant, don't be a Nervous Nellie,"
The Captain said to him.
"All we need is a little determination;
Men, follow me, I'll lead on."
We were -- neck deep in the Big Muddy
And the big fool said to push on.
P.S. - I wonder when and if the Democrats will ever quit blaming Bush. The Democrats have controlled Congress for over three years and have had the presidency for over a year. As Obama said himself, "we're not campaigning anymore. The election's over." But many Democrats can't seem to grasp this even though they won. They keep trying to hide their incompetence by pointing at Bush. They also like to complain about his spending. The chart below shows a telling sign. The spending really jumped when the Dems took over Congress. The president can't spend a dime that Congress doesn't allocate.
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