Thursday, February 26, 2024

Shockingly Dumb

Are you kidding me? How can anyone defend this? This would be a 16% increase in the national debt... in a single year. Make sure you take a hard look at that graph, that bar on the right isn't a border, it is part of the graph.
President Obama’s new budget blueprint estimates a stunning deficit of $1.75 trillion for the current fiscal year, which began five months ago, then lays out a wrenching change of course as he seeks to fund his own priorities while stanching the flow of red ink.
Hard choices? The allowance for public dishonesty by these folks is scary. This isn't fiscal discipline, this is blatant disregard of the entire concept of a budget. How in the world can people claim to be fixing an economic problem when these folks appear to have no apparent understanding regarding the value of money?

This would represent the biggest existential threat to my future that I have faced in my lifetime, and a self imposed existential threat to our country, make no mistake about that. Who could possibly come to the conclusion this is responsible governance?

Feng was right.

And the happy face stickers and ferrydust needed to make the all positive assumptions in this document is astounding. The disregard for responsibility and fiscal discipline is shocking.

With this kind of blatant disregard for the value of money, it will raise the question what the value of US money actually is. Ultimately, the answer is nothing, and inflation will sink the future.

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