ByronBlog

Byron Matthews, a sociologist retired from the University of Maryland Baltimore County and a partner in an educational software company, lives near Santa Fe, NM.

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Location: New Mexico, United States

Wednesday, May 19, 2010

Shocker!

Next year's budget is sinking in deep red ink

The chance that the majority Democrats will pass a budget this year is “fading,” Senate Budget Committee Chairman Kent Conrad (D-N.D.) said Tuesday.

He is pessimistic because House Democrats don’t know whether they want to pass a resolution that would officially acknowledge the certainty of big deficits. House Majority Leader Steny Hoyer (D-Md.) and other Democrats have indicated that would be a tough vote in an election year...


Never fear, the Dems have a clever plan: Pass no budget at all!

But, really, so what? Any budget they'd pass would be full hyped revenue projections, hidden off-book tricks, and delayed spending scams. And Obysmal would bust it to smithereens anyway, as he pursues his nation-sized community organizing project.

The proven way to pump the economy is by tax cuts, not through inefficient, junk programs of government spending. But Obie is all government, all the time; the only thing he knows about markets and capitalism is that he doesn't like them.

If he was merely economically clueless it wouldn't be quite so bad, because he might learn. Instead, he's got his arrogant head filled with bad ideas he's convinced are solidly (and politically) correct.

Maggie Thatcher nailed it: Socialism might work, if only it didn't eventually run out of other people's money. Maybe the White House should give Bernie Madoff a work release internship; he kept his Ponzi scheme afloat a lot longer than Obama's is going to last.

Byron

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