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.”