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May 11, 2009

White House: Blame Bush (again)

When in doubt, go with a talking point the media refuses to challenge:

WASHINGTON, May 11 (Reuters) - High U.S. budget deficits are being driven by an economic crisis that President Barack Obama inherited, White House Budget Director Peter Orszag said on Monday.

Now, the numbers:

Put another way:

For the current year, the government would borrow 46 cents for every dollar it takes to run the government under the administration's plan. In one of the few positive signs, the actual 2009 deficit is likely to be $250 billion less than predicted because Congress is unlikely to provide another $250 billion in financial bailout money.

That dastardly Bush! How dare he force Obama to draft a deficit-ballooning budget!

Update - AP fact checks Obama. Hopeychangey rhetoric, lefty trolls hardest hit. (h/t: Instapundit)

posted by Slublog at 10:10 AM

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In one of the few positive signs, the actual 2009 deficit is likely to be $250 billion less than predicted because Congress is unlikely to provide another $250 billion in financial bailout money. That dastardly Bush! How dare he force Obama to draft a deficit-ballooning budget! Update - AP fact checks Obama. Hopeychangey rhetoric, lefty trolls hardest hit. (h/t: Instapundit) posted by Slublog at 10:10 AM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Lady in Black[/i][/b][/u][/s]: "A friend of mine is selling her mini-farm in SC. I ..." Skip : "How stupid, found out my non media playing was be ..." m: "223 I'm officially getting older. Had to change my ..." Common Tater: "Yep, been there. A pack of dogs is a different sce ..." Ian S.: "[I]Meanwhile TSMC is scrambling to build an advanc ..." NaCly Dog: "{{{Ben Had}}} I chose to explain the Horde to m ..." 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