The Corner

Obama’s Deficits Ctd.

Kevin Hassett writes (sub. req’d.), “While the president likes to blame the Bush administration for all of his troubles, the fact is that the CBO ten-year budget forecast published in January 2008 called for a ten-year surplus of a few hundred billion dollars. The economy has taken some of the steam out of revenues in the first few years, but the mind-numbing spending increases do the majority of the work. The long-term economic outlook has not changed much since last January. Yet the Obama budget calls for a deficit that is roughly double the size of the one forecast by the CBO just over one month ago.”

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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