Sunday, March 15, 2009

Remember, a few weeks ago I wrote this:

…it’s not deficit reduction when you have three years of trillion dollar deficits and then one year that’s only half as much in the red. The deficit is still going up, for chrissakes! You can call it any number of things, but a “reduction” is not one of them. Calling this a “deficit reduction” would be like me going on an eating binge for four years and then saying I had a weight reduction because I gained ten pounds each year for three years, and then the fourth year I only gained five. I still would have gained 35 pounds!

Well, FINALLY (!!!), a Republican has the balls to stand up and call this budget what it is:

In his opening statement, Gregg politely called the administration’s budget forecast a lie.

“The argument that it cuts the debt in half in four years is, ahh, is truly spurious,” he told Geithner.

(snip)

“The argument that this budget doesn’t have tax increases [on everyone] is, I think, an ‘Alice in Wonderland’ view of the budget,” he said.

He challenged the budget’s math on cutting the debt: “When you take the deficit and quadruple it and then you cut it and half, that’s like taking four steps back and two steps forward. That’s not making any progress; you’re still going backwards.”

Exactly. You can call this budget just about any number of things, but “deficit reducing” isn’t one of them.

And, for the record, I do know what the difference is between “deficit” and “debt”, so I don’t need people emailing me and pointing that out. My point remains the same, that it is not deficit OR debt reduction when you have actually increased them.

Hat tip to Capt. Ed over at Hot Air.

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