Financial Ruin: What do you call a budget that boosts spending $227 billion, adds $329 billion to an already huge deficit, and does nothing to fix the entitlement crisis? If you’re President Obama, it’s called “fiscal responsibility.”
In the message Obama attached to his 2013 budget, he claimed that he’s “taken many steps to reestablish fiscal responsibility.”
But his budget is a colossal monument to irresponsibility, continuing a deficit-fueled spending spree that will take the country ever closer to fiscal ruin.
Just how big is this budget’s spending splurge? Among other things:
• It increases projected federal spending for this year and next by a total of $227 billion, and adds $329 billion to projected deficits for those years.