WSJ: The deficit is much, much worse than you think
posted at 8:47 pm on August 25, 2009 by Allahpundit
How much worse? So much that even Paul Krugman might be slightly uncomfortable with it.
Emphasis on might and slightly.
Many of the current budget assumptions are laughably implausible. Both the White House and CBO predict that Congress will hold federal spending at the rate of inflation over the next decade. This is the same Democratic Congress that awarded a 47% increase in domestic discretionary spending in 2009 when counting stimulus funds. And the appropriations bills now speeding through Congress for 2010 serve up an 8% increase in domestic spending after inflation.
Another doozy is that Nancy Pelosi and friends are going to allow a one-third or more reduction in liberal priorities like Head Start, food stamps and child nutrition after 2011 when the stimulus expires. CBO actually has overall spending falling between 2009 and 2012, which is less likely than an asteroid hitting the Earth.
Federal revenues, which will hit a 40-year low of 14.9% of GDP this year, are expected to rise to 19.6% of GDP by 2014 and then 20.2% by 2019—which the CBO concedes is “high by historical standards.” This implies some enormous tax increases.
CBO assumes that some 28 million middle-class tax filers will get hit by the alternative minimum tax, something Democrats say they won’t let happen. CBO also assumes that all the Bush tax cuts disappear—not merely those for the rich, but those for lower and middle income families as well. So either the deficit is going to be about $1.3 trillion higher than Washington thinks, or out goes Mr. Obama’s campaign promise of not taxing those who make less than $250,000.
In other words, a $9 trillion hole over 10 years is the pie-in-the-sky best-case scenario. Fun fact: Back in March, when the White House was still scoffing at CBO’s $9 trillion estimate, White House budget director Peter Orszag actually admitted that if CBO was right then The One’s budgets would be unsustainable. And now here we are, five short months later. Our options:
“We’ll either need wrenching, wrenching spending cuts, a boom in the economy or a new funding source or some combination to get this fiscal house back in order,” Darda said.
Income tax hikes alone won’t be enough, said Darda. We may need a national sales tax.
“We’re all going to have to have a stake in this game,” Darda said. And we’re all going to have to pay a little bit more and probably get a little bit less.”
Exit question: At what point does the Democrats’ sheer arrogance in pressing ahead with new spending programs during a budget meltdown become an issue unto itself? The fact that they’ve dug us deeper into a hole is one thing; that they refuse to change course now that they know full well how deep the hole’s become is something else entirely. When does the debate over ObamaCare become a debate about the left’s fundamental seriousness in addressing a looming fiscal catastrophe?
Blowback
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All the more reason for Princess Nancy to flit about in her taxpayer funded airplanes.
Let them eat cake, right, Nancy?
shaken on August 25, 2009 at 8:49 PM
Tick, Tick, Tick…
Fletch54 on August 25, 2009 at 8:50 PM
Current receipts vs current expenditures.
Skandia Recluse on August 25, 2009 at 8:50 PM
When this becomes an issue…I predict that the only federal spending cuts they can find will be in the Defense budget. Our nations defense will be the first to go (after we lose in Iraq and Afghanistan, that should be much easier).
Then comes the massive tax hikes. These morons are incapable of acknowledging the reality…if they were, we wouldn’t be asking this question in the first place.
AUINSC on August 25, 2009 at 8:51 PM
Re the “exit question”: Let’s kill this first and then harp on your point.
I don’t want this discussion to be where it was pre-”death panel” debate…and that is, saying we can’t afford it, etc. and that’s where this would inevitably turn.
After Obamacare is dead and buried and the left doesn’t have the chance to make faux revisions to their numbers so that they look “deficit neutral”… then we’ll get to the heart of this beast and attack them on their hubris and condescending arrogance.
powerpro on August 25, 2009 at 8:53 PM
They are building the emergency that they will later claim as a mandate for absolute change right in front of our eyes.
If only we could make economics sexy.
blankminde on August 25, 2009 at 8:53 PM
Senior
2nd3rdshow me the money! stimulus package?jhffmn on August 25, 2009 at 8:53 PM
Well the cure for that is simple… more inflation!!
DaveS on August 25, 2009 at 8:54 PM
of course it is.
FontanaConservative on August 25, 2009 at 8:55 PM
fify.
homesickamerican on August 25, 2009 at 8:55 PM
Can we start to ask–are we better off than we were 7 months ago?
chickasaw42 on August 25, 2009 at 8:55 PM
For all their patronizing talk, their condescending double speak, and their self-serving empty promises, this is the ‘Change’ we have reaped from total control by the Democrats.
Good job America.
SilverStar830 on August 25, 2009 at 8:56 PM
It’s hard to believe that the greatness of socialism would fail so quickly.
Guess Obama nor Pelosi were the right people to make it work.
jukin on August 25, 2009 at 8:56 PM
But don’t you dare suggest reduction in funds for the poor polar bear and his “dwindling” ice pack. Amen. Now all stand and bow before Sun-god.
Marcus on August 25, 2009 at 8:56 PM
I think the White House Budget Office is really just Peter Orszag shouting, “Big Money! No Whammy!” while jumping up and down and throwing money in the air.
If results are an indicator of work then I’m basically dead on.
blankminde on August 25, 2009 at 8:56 PM
Allah, I think you should post the debt clock that Glenn Beck on his show yesterday. It is astounding and horrifying.
cubachi on August 25, 2009 at 8:57 PM
Heh, I thought the recession was over and we were will on our way to recovery, at least that is what the Old Stream Media was saying?? LOL
In the next few years most of the blovated, expensive talking heads will either be working for Obummer licking his boot or will be working on documentarys about how capitalism was defeated by the great Marxist Obama.
Gasoline will be a thing of the past. America will be without power.
Clean running water will be scarce and our military will be reduced to a Marxist security force.
The major cities will descend into chaos and the film “Escape from New York” will be a mild version of what really happens….
And this is the cheerful version of what will happen…..
izoneguy on August 25, 2009 at 8:57 PM
2 trillion, is about $158,000 per family…think of what that could do if every family received a $158,000 check.
Homes, autos, repairs…now make it so they have to buy domestic, and within three years…now, would that stimulate the economy?
We could do that every three years for probably about 12 years…everyone would have a chance at a college degree, new autos, nice clothes, drugs and the finest hookers…regardless, better then what they are doing now.
right2bright on August 25, 2009 at 8:57 PM
I was there at TARP and it’s been downhill from there. The Left really can’t believe that they can cut enough from the Dept. of Defense and tax the evil rich to keep this up.
Cindy Munford on August 25, 2009 at 8:58 PM
Nonsensical morons the whole bunch and I throw a lot the GOP in that lot as well.
I keep getting this feeling that none of this will truly stop until the ChiComs/Japanese/ME owners of so much of our debt blow their dog whistle and tell the gov’t they ain’t buying any more unless there’s serious budget reconciliation back toward the black.
Right now for the current crop of rats in Weashington, buying votes in the short term is more important to them than the longer term consequences upon the country itself.
JoeinTX on August 25, 2009 at 8:59 PM
What’s up with the 603 trillion number? Outstanding derivatives?
Does this have any bearing in reality or is that number real? It’s like looking up to the sky and seeing a massive meteor heading towards earth, and the guy next to you says; “Oh that? Yeah, it’s heading right at us. Have a nice day!”
jhffmn on August 25, 2009 at 9:00 PM
They can raise taxes all they want. Once capitalism fails then who will they tax?
This is the part that socialists just don’t get. They can come take my house, all the stuff inside and my cars and I would be much better off!!!! Take it all and then what? I guess it’s off to the labor camps to make colorful toys for the Chinese to buy.
izoneguy on August 25, 2009 at 9:01 PM
CRISIS!!!!!Don’t let ‘em scare us.
d1carter on August 25, 2009 at 9:01 PM
Gird your loins, my children!
Dr. ZhivBlago on August 25, 2009 at 9:02 PM
Terrific
FontanaConservative on August 25, 2009 at 9:02 PM
Of course it is Murdock News. Gone are the days when the WSJ was a credible newspaper. It was a big mistake to let Murdock buy this once distinguished organization.
He has now turned it into the tabloid New York Post.
Afrolib on August 25, 2009 at 9:04 PM
I’ve got a mission for a pair of F-22s and it isn’t protection.
Jeff from WI on August 25, 2009 at 9:04 PM
I’m wondering where you got that. I’m guessing you’ve never had a subscription to the WSJ and are basing your opinion on nothing. You probably heard that from some leftist commentator and thought it sounded smart.
At least use your own thoughts to troll.
jhffmn on August 25, 2009 at 9:06 PM
Agreed…but we are dealing with people who are ‘depleted uranium’ levels of dense here…so the fact that what they are doing makes no logical sense won’t deter them one iota.
AUINSC on August 25, 2009 at 9:07 PM
No not really. Maybe worse than you seem to think.
LevStrauss on August 25, 2009 at 9:07 PM
Classic liberal behavior: attack the messenger, not the message. You’ve already lost the debate.
BPD on August 25, 2009 at 9:08 PM
But this is exactly the sort of behavior that The Precedent said he would engage in, during the campaign:
Fairness – i.e. “social and economic justice”. These marxists and America-haters don’t care about the nation and certainly don’t care abuot our finances. All they want to do is confiscate as much money as they can and, especially in the case of The Precedent, to exact revenge on those he thinks have shamed his people (the third world) by their overachievement and great advances.
I keep telling you allah, you have to understand what the real motivation is – to exact revenge on whites, the successful, and the West. The useful idiots in the Washington junta are on board for this project and none of them can be deterred by a bunch of numbers that they don’t understand and don’t care about.
progressoverpeace on August 25, 2009 at 9:08 PM
For Americans, the key difference between trying to implement socialism over other countries who have already implemented it: either no elections or election every 4 or 5 years and not every 2 years as under the American system.
In the end that one key part of the American Constitution is what may save American from untold disaster.
technopeasant on August 25, 2009 at 9:09 PM
Yeah, they change the subject whenever the facts go against them…which is every time, these days.
AUINSC on August 25, 2009 at 9:10 PM
You see, this is EXACTLY why I vehemantly apposed the “fair tax” I knew that any discussion of it would just open the door to getting stuck with both an income tax and a sales tax. The American people better slam this door shut quick.
clement on August 25, 2009 at 9:11 PM
Allahpundit, are you by any chance monitoring this thread? Got a question for you if you are…
doriangrey on August 25, 2009 at 9:11 PM
Someone please explain why the markets keep going up?
stenwin77 on August 25, 2009 at 9:11 PM
Of course it is Murdock News. Gone are the days when the WSJ was a credible newspaper. It was a big mistake to let Murdock buy this once distinguished organization.
He has now turned it into the tabloid New York Post.
Afrolib on August 25, 2009 at 9:04 PM
”
that’s it afro”cough lib, try to spin it in to something it’s not, it’s what you trolls do.
SHARPTOOTH on August 25, 2009 at 9:11 PM
Until the ten year treasury goes over 4% I am not going to be worried and all the talk of hyperinflation and currency devaluation is premature. We still are dealing with deflation and that is our major problem for at least the next year.
Bill C on August 25, 2009 at 9:12 PM
Obama and company have “dug us deeper into a hole” on purpose. They can’t wait to raise taxes on everyone and control large sectors of the economy. This is a fascist administration.
farright on August 25, 2009 at 9:13 PM
My guess is the first traces of the effects of monetary inflation. I can’t say for sure, but that’s what it feels like to me. The dollar has been getting crushed and commodities have been rising.
progressoverpeace on August 25, 2009 at 9:14 PM
The idiot politicians tried this in California just a few months ago, and they got a resounding “F-NO” from their citizens. I suggest Ms. Darda, and these liberal morons start with wrenching, wrenching spending cuts
Rovin on August 25, 2009 at 9:14 PM
LOL. You guys were thrilled when he bought it because it meant you could dismiss it just like you do Fox.
Keep spinning. It’s at your own peril. Polls are heading south fast. The country DOES NOT LIKE Obama’s agenda and ALL the media are beginning to sense that the tide is turning.
Missy on August 25, 2009 at 9:14 PM
It won’t become part of the Obamacare debate if they can pass something by October. It will be the issue if OC Round 1 fails and it’s brought up again later.
ROCnPhilly on August 25, 2009 at 9:15 PM
Quite obviously never.
And it’s time to make this point about the GOP under Bush. He was reviled and the GOP written off because of the perception that spending was out of control on his watch. And yes, they allowed the socialist Medicare Prescription boondoggle to pass in their name.
Let us now remember that had they not, the Dems would surely have passed a much worse bill. Let us also remember that in every scenario where we cursed the Republicans for spending too much, the Demorats wanted to spend four times as much.
That party is fundamentally irresponsible and untrustworthy on national defense, spending, taxes, and international terrorism. If I were in charge of the RNC, I would simply run weekly ads all year, every year, replaying the various National Suicide policies of the Dems. The Demcraps should be outlawed.
Jaibones on August 25, 2009 at 9:15 PM
What I find unbelievable is the massive redistribution of America’s wealth to foreign countries by this administration. How much of the AIG bailout ended up in foreign banks? How much of the cash for clunkers program ended up in foreign automaker’s pockets? A “mere” $2 billion to Brazil for oil exploration/drilling. Make no mistake, this is deliberate.
Neo-con Artist on August 25, 2009 at 9:15 PM
It’s the plan, the Joker wants it this way. No sane person would be doing what this FDR Fascist wanna be is doing otherwise.
The Joker’s plan: Slavery by debt so high it can never be repaid.
tarpon on August 25, 2009 at 9:15 PM
The same reason they kept going up until March 10, 2000…and if you think they are still going to keep these P/Es, you are making some insider (probably an Obama crony) very happy. Pump and dump, baby, pump and dump.
AUINSC on August 25, 2009 at 9:16 PM
I seriously hope it’s sooner rather than after it’s too late.
4shoes on August 25, 2009 at 9:16 PM
Fiscal catastrophe is the goal of the Obama administration. The crisis (never to be wasted) will be the triggering event for a GLOBAL CURRENCY. You watch, you wait, you’ll see.
johnnybgood on August 25, 2009 at 9:17 PM
Gee, we may need a few tax hikes, or maybe a lot of tax hikes.
What a shock.
Who saw THAT coming.
notagool on August 25, 2009 at 9:17 PM
US Treasury site,
http://www.ustreas.gov/
canopfor on August 25, 2009 at 9:18 PM
9 trillion in undocumented lines of credit from the Fed to the big banks… the vast majority of stock market volume these days is big banks trading with each other.
The Fed just lost their case in court, and will be forced to show their books (unless it is appealed higher)…. should be interesting once the curtain is pulled back for all of us to see the highway robbery the government has been engaging in, at our expense.
BPD on August 25, 2009 at 9:18 PM
“Gone are the days when the WSJ was a credible newspaper. It was a big mistake to let Murdock buy this once distinguished organization. He has now turned it into the tabloid New York Post….Afrolib”
The name of the clown who wrote this post (afrolib) pretty much says all that needs to be said.
alwyr on August 25, 2009 at 9:18 PM
Quantitative easing, and good advertising, but that won’t last forever. Hello double dip.
DFCtomm on August 25, 2009 at 9:19 PM
Really? What’s your problem with deflation and why do you think inflation is better?
genso on August 25, 2009 at 9:20 PM
Cleaning up 8 years worth of Bush’s mess is expensive!
/sarc
Monica on August 25, 2009 at 9:20 PM
Apparently George Soros sent out a liberal panic alert. Attack the messenger! Attack the messenger! Ignore the message!
amerpundit on August 25, 2009 at 9:21 PM
The deficit at this point is largely irrelevant. It is so large over the next 10 years, that when coupled with the underfunded SS, Medicare and Medicaid obligations and current national debt, render this country insolvent beyond comprehension. We are far beyond the point of standing up to and honoring our national financial obligations.
We.Are.Broke.
The only question is when, not if, we implode.
And I suppose another question is what is left when we do implode.
And I have no doubt that our national implosion has been on Dear Leader and ACORN and the Apollo Alliance and the Weather Undergound and the other Leftists minds for the past 40 years.
But do these Marxists really think that 75 or 80 % of Americans will buy into and willingly (or unwillingly) support their Marxist utopia when the planned implosion occurs.
I doubt it. So who, in the end, will support their structure of evil?
Not me.
TheAdmiral on August 25, 2009 at 9:21 PM
Yep..the fed and Obama’s policy is to re-inflate the bubble…and enough rubes will buy into it…until it bursts again…won’t be long.
AUINSC on August 25, 2009 at 9:22 PM
Every single day it’s just bad news.
I wake up in the morning and find my self wondering,, what bad news will there be today? Another American hero prosecuted? Unemployment up another 2 points? A new round of banks failures or will today be the day of something new and unexpected? Some brand new crisis or a new assault on a freedom?
This is like death by a thousand cuts. And I think that is exactly what this man is attempting to do. Destroy this nation anyway and every way he can think of. Bleed it, pound it and beat it. Suck the life dry. Squeeze every drop of breath from it’s lungs and then squeeze it some more.
JellyToast on August 25, 2009 at 9:22 PM
Since now? What will it take to get them to see beyond their own noses? I have no answer.
scalleywag on August 25, 2009 at 9:23 PM
Welcome to the GST. You’ll love it … really. All those people who, currently, pay no tax will feel much better about having a chance to help pay for the deficit./
OldEnglish on August 25, 2009 at 9:24 PM
The only positive for me out of all of this CRAP with obama and his liberal socialist pig crew is that I get to gig every single one of the morons I know that voted for his lame ass.
They have absolutely nothing to say anymore. They can’t even manage to squeak out a “tax the rich” mantra in lowered tones.
It’s little consolation however, since the price for this ability is our freakin country. Lets let it be known that the liberal socialist fascist party (democrats) OWN what they’ve done to these united states, not simply since simpleton was elected, I’m talking about all the way back to the early 1900s when the progressives started their whining for socialist this that and the other.
Spiritk9 on August 25, 2009 at 9:24 PM
Democrats will push this to the brink,and beyond!
The Titanic sails again,then sinks again!
canopfor on August 25, 2009 at 9:25 PM
You ain’t taxing this bloke. I’ll be sunning myself on Bondi Beach. I plan to John Galt as soon as they raise the tax rate to a level where you are working only to support an unfair system.
bayview on August 25, 2009 at 9:26 PM
But can Obama define the Bush Doctrine, after all that is what matters.
rob verdi on August 25, 2009 at 9:28 PM
Actually, no I’m not…Obama, that’s another story. And I like the Gault idea a lot…but Obama’s IRS has long arms my friend. Best bet is to stick around and vote the a$$holes out of office.
AUINSC on August 25, 2009 at 9:28 PM
My God, it’s full of debt.
Yakko77 on August 25, 2009 at 9:28 PM
Ya know,the ObamaVoterBots are going to be burned over this as well!
The Left will be betrayed by Obama!!
canopfor on August 25, 2009 at 9:29 PM
Me either. In fact I’ll be dangerous and go one further. I’ll be happy to have an open and violent rebellion against
It’s getting close to being that time I think.
Spiritk9 on August 25, 2009 at 9:29 PM
You know that White House dog really is a beautiful animal.
CK MacLeod on August 25, 2009 at 9:33 PM
At the rate this is going,the Left are going to,
‘Mussolini’ Hopey!!Ahem.
canopfor on August 25, 2009 at 9:33 PM
So, hmm, wouldn’t it be fair to only levy the coming tax increases on the 52% that voted for BO? Speaking for my friends and family, your decadent spending is not in our name Barack.
18-1 on August 25, 2009 at 9:34 PM
I don’t trust the left to possess the presence of mind necessary to realize they have been betrayed. Besides, if we arrive at Utopia, why should they care what the course is?
blankminde on August 25, 2009 at 9:35 PM
Democrats don’t give a damn about this country, apparently. They’re going to keep spending when they know good and well we’re on an unsustainable path..
therightwinger on August 25, 2009 at 9:36 PM
Yeah..who knew it could play golf too.
AUINSC on August 25, 2009 at 9:37 PM
That’s what subservience to Communist China looks like.
Fletch54 on August 25, 2009 at 9:37 PM
This should be the RNC focal point from now till the 2010/2012 elections. I seriously doubt there’s a majority of American voters that are unconcerned about continual deficit spending, debt, the solvency of Social Security and Medicare and other unfunded liabilities.
Then again, looking at the last couple elections, I could be wrong.
lowandslow on August 25, 2009 at 9:38 PM
You’re largely right but your frustration seems to be misdirected.
As Warren Buffet pointed out 6 years ago, if this country had simply kept tax rates intact and piled the surplus into social security and Medicare, the problems would have been pushed back for another 30 years. And in 30 years, the demographic challenges of today and tomorrow will have passed.
You may want to keep that in mind before going on your anti-Marxist rant that seems to be directed at everyone but Bush, who ultimately is the cause of many of our financial problems.
bayam on August 25, 2009 at 9:38 PM
I believe this. At the rate they’ll have to run the presses to print the money for all this stuff, the rate of inflation will be 47%…
swash_plate on August 25, 2009 at 9:38 PM
Considering inflation will be double digits that might not be so far off.
Chuck Schick on August 25, 2009 at 9:39 PM
Democratic solution: “Hey Timmy, print up another couple TRILLION will ya”.
GarandFan on August 25, 2009 at 9:40 PM
Tonight a friend of mine said that he almost hoped someone did come up with some kind of compromise because he is afraid if there isn’t one the Democrats will cram some really bad sh*t down our throats. That is a quote. People are starting to get scared of what these people will do if some magic someone does not stop them.
Terrye on August 25, 2009 at 9:40 PM
By going on strike, I’ll have no income from work, so they cannot tax me on that. And like they say, if your cheque to the undertaker did not bounce, you have failed in financial planning.
If the Obama way takes root in the US, and there are growing number of dependents to vote to legally rob you, and enough politicians ready to buy their votes, I would live my life in a way where there is nothing for them to redistribute.
bayview on August 25, 2009 at 9:40 PM
7 months? How about 7 hours ago.
Chuck Schick on August 25, 2009 at 9:41 PM
Sorry…I know you live it 2005, but it’s 2009 now and Obama is the President…BTW, he just quadrupled the debt in one blow…and I can’t help but notice that you said ‘anti-Marxist rant’ like it’s a bad thing.
AUINSC on August 25, 2009 at 9:41 PM
Maybe… On the other hand, this would be an incredibly destructive political weapon if the debate shifted away from Obamacare in particular and became a discussion about Democrats’ fiscal insanity in the wider arena. Sure, destroying Obamacare is important: but how much more helpful would it be as a flashpoint for a larger “teachable moment” about dangerously stupid liberal fiscal policy?
Lehosh on August 25, 2009 at 9:41 PM
Oh Lord Obama, won’t you at least buy me a Mercedes Benz ?
The uptown folks drive Porsches, they must make amends.
Worked hard watching Oprah most of my lifetime, no help from my friends,
So Lord Obama, won’t you at least buy me a Mercedes Benz ?
Oh Lord Obama, won’t you buy me a health care plan?
Working to pay for it myself is too hard on me.
I want to get prescription drugs and a doctor for free,
So Lord Obama, won’t you buy me a health care plan ?
Oh Lord Obama, won’t you buy me a retirement on the town ?
Prove that you’ll take care of me and buy my next round.
Oh Lord, won’t you buy me that big house down the block that I found?
I’m counting on you, Lord Obama, please don’t let me down.
MB4 on August 25, 2009 at 9:42 PM
bayam:
yep, blame Bush, that is all you people know how to do. you are like a broken record.
The Democrats have been in control of Congress for years. and now they have the White House too and what do they do when they caught with their pants down? Blame Bush.
pathetic.
Terrye on August 25, 2009 at 9:42 PM
I dispute your opinion on Michelle.
bayview on August 25, 2009 at 9:43 PM
And you’ll do this by going to Kevin Rudd’s Australia?
AUINSC on August 25, 2009 at 9:43 PM
There is a silver lining to this train wreck. The numbers are so large now that any pretense at paying it back is laughable. Now the question becomes, when and how do we default.
My guess is it will take at least 30 years before we are selling the silverware. Meanwhile, party on dude!
patrick neid on August 25, 2009 at 9:43 PM
Social justice does not come cheap folks.
chief on August 25, 2009 at 9:43 PM
Yes, voting for the disastrous financial policies of Bush was a huge mistake. It lead to massive deficit spending and $4 tril in new, accumulated debt that leaves us almost no room to maneuver in the wake of a near economic collapse.
Even if no legislation is passed, this country is living in yet another bubble- a health care bubble. Our current health care spending as a % of GDP is completely unsustainable, esp. given the cost increases that are imminent as the population ages. If you’re afraid of rationed health care today, believe me, that’s nothing compared to what this country will be forced to adapt in the next decade if radical changes aren’t made to structurally reduce the cost of health care in the US.
bayam on August 25, 2009 at 9:43 PM
Well, isn’t the rule that it’s always worse than they say it’s going to be?
JellyToast on August 25, 2009 at 9:44 PM
Should we add you to the list of people who has no idea where on the Hill budgets originate?
Lehosh on August 25, 2009 at 9:44 PM
You with your Hotair blogin’
And you skeptics always contemplatin’
How my coronation you’d like to start rearrangin’
When that’s not what you really should do
When heaven has found you
Can’t you see
That it’s all wrapped up in the Messiah that’s Me
So follow Me
Come on, tax payers
Follow Me
I’m Obama the Piper
And I’ll show you where Hope and Change is at
Come on, tax payers
Can’t you see
I’m Obama the Piper
Trust in Me
Tax payers
Don’t be worried about payin’ big bucks to help Me move and grove
Hey, tax payers
What do you think I’m tryin’ to prove
It ain’t true
That My Michelle would like to punch and rob your kids and you
It’s just in your mind
And that’s all that’s trickin’ you
So behind all My celebrities step in line
Come on, tax payers
Pony them big bucks up for Me
Come on, tax payers
Trust in My Teleprompter and Me
Come on, tax payers
Can’t you see
Come on, tax payers
Follow Me
MB4 on August 25, 2009 at 9:44 PM
chickasaw:
Hell yes we were better off.
Hey are you from Oklahoma? I used to have a dog named Chicky, we got her at a pet shop in Chickasaw Oklahoma. A long long time ago.
Terrye on August 25, 2009 at 9:44 PM
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