WH fantasy world extends to budgets

posted at 12:01 pm on March 6, 2014 by Ed Morrissey

Earlier this week, the Washington Post editorial board blasted the Obama administration’s foreign policy as “fantasy”-based for the past five years. This week, we finally saw the long-overdue budget proposal from the White House, and discovered that the fantasy extends much farther than just the State Department. Even the New York Times described it as a populist “wish list,” which means the fantasy world has become even more noticeable for outsiders.

In my column at The Fiscal Times, I point to at least a few reality checks:

The budget claims to cut publicly held national debt over a projected ten-year period to 69 percent of GDP, and annual budget deficits to 1.6 percent of GDP. The CBO, on the other hand, sees publicly held debt rising from its current 72 percent to 79 percent of GDP and budget deficits going back up to 4 percent of GDP in the same period. What creates this difference?

For starters – literally — the Obama administration assumes a growth rate of 3.1 percent in 2014, when CBO expects 2.7 percent and the private sector consensus comes in at 2.5 percent, according to Investors Business Daily. The actual GDP growth rate for 2013 was 1.9 percent, according to the Commerce Department , down from 2012’s 2.8 percent, and leading indicators for 2014 offer little hope for any kind of sharp rebound from stagnation.

Most of the disconnect from reality comes in revenue assumptions based on “tax reform.” The budget assumes that Congress will pass what the proposal euphemistically calls “transition revenue from pro-growth business tax reform.” What that actually means istax increases, as Orrin Hatch explained on the Senate floor Wednesday. “The budget envisions well over $1 trillion of additional taxes,” Hatch said, “in the face of a persistently sluggish economy.”

How likely is the GOP-controlled House to give Obama one trillion dollars in tax hikes? As likely as they are to cut defense spending while Vladimir Putin is on the roll in Ukraine. But that’s exactly what Obama proposes:

Also, the budget projects massive spending cuts as part of the claimed cost savings – more than one trillion dollars, representing half of the supposed savings in the Obama proposal. Put aside the likelihood of a Republican House cutting Pentagon spending by another trillion dollars, after two rounds of significant defense cuts over the Obama presidency. With Russia invading Ukraine and China threatening its neighbors with exaggerated air-defense claims, the idea that either party will get on board with massive cuts to defense spending now is sheer fantasy.

Why publish such a laughable proposal when Senate Democrats are refusing — again, as they have for four of the past five years — to actually produce a budget? David Graham at the Atlantic agrees that this is a stunt budget, but suggests that Republicans are to blame for it:

“Our budget is about choices,” Obama said at a D.C. school Tuesday, in remarks about the budget. “As a country, we’ve got to make a decision if we’re going to protect tax breaks for the wealthiest Americans, or if we’re going to make smart investments necessary to create jobs and grow our economy, and expand opportunity for every American.”

Meet Election-Year Obama. If 2013 was the year of Eternal-Optimist Obama, who felt residual buzz from his reelection and held out hope Republicans might go for a compromise, Election-Year Obama’s attitude is blunter and bleaker:Fine, if you don’t won’t meet me halfway, I’m not going to put my neck out. I’ll just ask for what I want. After all, this budget is dead on arrival. Republicans showed no interest in compromising last year, and they’re even less inclined to partner with the president in an election year.

That might be a good argument, except that this budget isn’t an exception. It’s part of a pattern from Obama. When was the last time an Obama budget won a floor vote, even in the Senate controlled by his own party? In fact, when was the last time an Obama budget won a single vote in either chamber? It’s not exactly a coincidence that the Democrat-controlled Senate has produced exactly two budgets — one for FY2010 and the other last year — in the last six years. Even Harry Reid can’t sell an Obama budget to Democrats, let alone expect Republicans to climb aboard.

Obama budgets are always fantasies, in which no one but the White House indulges. That’s true this year, too, and it’s painfully obvious to everyone except the President and his staff.

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Fantasyland in DC

Schadenfreude on March 6, 2014 at 12:01 PM

Obama – disconnected from reality…

PatriotRider on March 6, 2014 at 12:02 PM

Circus clowns on display.

World laughs at the nation of idiots.

Schadenfreude on March 6, 2014 at 12:02 PM

Budgets are for the little people…

d1carter on March 6, 2014 at 12:03 PM

That’s true this year, too, and it’s painfully obvious to everyone except the President and his staff.

I’m not sure that is correct.

Bmore on March 6, 2014 at 12:04 PM

There is a word for people who are unable to tell the difference between reality and fantasy: INSANE.

ConstantineXI on March 6, 2014 at 12:05 PM

Obama – disconnected from reality…

PatriotRider on March 6, 2014 at 12:02 PM

Like the other progressive-fascists, he’s willingly disconnected from reality.

He only wants to see what he believes or wants to believe as opposed to believing what he is seeing.

I’m sure it’s from his extensive experience in academia – and the belief that since it works in theory, it will work in reality just because he wills it so.

And if it doesn’t work, then it’s because of the obstructionism of the Republican Congress.

Athos on March 6, 2014 at 12:07 PM

Obama – disconnected from reality…

PatriotRider on March 6, 2014 at 12:02 PM

In Bammy’s mind he’s the one living in reality. Its the rest of us living in fantasy land.

hawkeye54 on March 6, 2014 at 12:07 PM

There is a word for people who are unable to tell the difference between reality and fantasy: INSANE.

Insanity and leftism have much in common.

hawkeye54 on March 6, 2014 at 12:08 PM

Budgets are for the little people…

d1carter on March 6, 2014 at 12:03 PM

Absolutely. The government can print more money through the Fed, so there’s no budget or debt problem….

It’s no different than someone who has a $1.01 balance in their checking account looking at their checkbook, see 22 checks there, and say they’ve got plenty of money because they still have checks left…

Athos on March 6, 2014 at 12:08 PM

And I want a billion dollars for a Unicorn, a

Brock Robamney on March 6, 2014 at 12:09 PM

And if it doesn’t work, then it’s because of the obstructionism of the Republican Congress.

Athos on March 6, 2014 at 12:07 PM

Reality is racist. Why won’t it just let his BS work?

VegasRick on March 6, 2014 at 12:10 PM

I love the front-page graphic; rainbows and unicorns. Perfect.

LancerDL on March 6, 2014 at 12:15 PM

Another pack of lies from the con man. Who could have seen that coming?

forest on March 6, 2014 at 12:20 PM

Is it just my wishful thinking or does the fall of the rat-eared wonder into irrelevancy seem to be escalating?

The House GOP was right, the budget submitted was even more unserious than previous versions. It was a complete waste of time for those involved with producing it.

Happy Nomad on March 6, 2014 at 12:20 PM

WH fantasy world extends to budgets

…it’s the choom!

KOOLAID2 on March 6, 2014 at 12:22 PM

This path is inevitable.
I’ve dealt directly with a few pathological liars in my day, mostly the fake military hero type, but they all follow the same path – their lies get bigger and bigger, and as they do, more people figure out they’re all just lies – until one day the liar himself figures out that nobody believes him any more, and either breaks down completely unhinged or he quickly disappears and moves on to a new audience.
The real question for us is, what will be the tipping point and result with 0bumble?

dentarthurdent on March 6, 2014 at 12:30 PM

The reason why Dems and Obama do not produce a meaningful budget… is because they don’t have to.

The political gain of the “proposal” is far too great for Dems – as recent history has proven. 2 out of 6 years isn’t a mistake, it’s intentional.

See, when they can bend Reps over backwards with scary propositions like “shut down theater” – the masses of asses blame Reps, while just giving Dems want they want anyway – increases in debt ceilings and line item appropriations.

Remember the “sale” of ACA vs the reality… Or even the recent “cut military spending” – which goes along nicely with “we are pulling out of unpopular wars”

The moment the reality of the dismal economic outlook appears, its in the rear view mirror (like continuously revised employment/GDP numbers) – or “Buuush” is easily conjured up.

Everything “positive” is pure spin – which works, while everything negative is Bush or Republicans fault. Rinse and repeat Politics 101.

Odie1941 on March 6, 2014 at 12:31 PM

Absolutely. The government can print more money through the Fed, so there’s no budget or debt problem….

Athos on March 6, 2014 at 12:08 PM

To paraphrase Chief Brody. “You’re gonna need a bigger printing press”

ConstantineXI on March 6, 2014 at 12:33 PM

Fantasyland in DC

Schadenfreude on March 6, 2014 at 12:01 PM

Schadenfreude:I’ll raise you,..a Hopey:)
=========================================

Obama health care law
37m
President Obama says in town hall that health care sign-up data for US-born children of undocumented parents will not be shared with immigration authorities – @jkuhnhenn

canopfor on March 6, 2014 at 12:35 PM

I’ve dealt directly with a few pathological liars in my day, mostly the fake military hero type, but they all follow the same path – their lies get bigger and bigger, and as they do, more people figure out they’re all just lies

dentarthurdent on March 6, 2014 at 12:30 PM

The tipping point will be when he claims to be dating Morgan Fairchild.

Happy Nomad on March 6, 2014 at 12:36 PM

Obama budgets are always fantasies, in which no one but the White House indulges. That’s true this year, too, and it’s painfully obvious to everyone except the President and his staff.

That’s a feature, not a bug for obaka…

ladyingray on March 6, 2014 at 12:38 PM

The tipping point will be when he claims to be dating Morgan Fairchild.

Happy Nomad on March 6, 2014 at 12:36 PM

Obama is uninterested in women. He’d claim to be dating Morgan Freeman.

ConstantineXI on March 6, 2014 at 12:39 PM

Obama budgets are always fantasies, in which no one but the White House indulges. That’s true this year, too, and it’s painfully obvious to everyone except the President and his staff.

That’s a feature, not a bug for obaka…

ladyingray on March 6, 2014 at 12:38 PM

Are these Obamabudgets actually in written form? I can’t see the lazy ass even deigning to write down his budget fantasies.

ConstantineXI on March 6, 2014 at 12:41 PM

I love the front-page graphic; rainbows and unicorns. Perfect.

LancerDL on March 6, 2014 at 12:15 PM

Where are the Skittles? Gotta have Skittles for complete perfection.

hawkeye54 on March 6, 2014 at 12:41 PM

It’s like nobody even calls him out anymore because we’re all so desensitized to the garbage coming out of DC. Probably part of the plan…

ImmigrantsWife on March 6, 2014 at 12:42 PM

The worst part of Obama’s budget fantasy is $5.5 billion in bailouts for ACA insurance companies via risk corridors because their plan is failing and he expects the taxpayers to pay for their misguided plans and policies.

This scam needs to be exposed in the biggest way.

plutorocks on March 6, 2014 at 12:51 PM

When Harry Reid (and then-Senators Barack Obama, Joe Biden, Hillary Clinton, John Kerry, etc.) took control of the Senate, and Nancy Pelosi took control of the House of Representatives on 1/3/2007, the Debt Held by the Public was:
$ 4,906,387,642,060.28

As of 3/4/2014, after continuous 86 months of Democrats controlling 2+ of the Senate, House, and Presidency, the Debt Held by the Public was:
$12,511,236,851,896.79

1/3/2007 – 3/4/2014 Debt to the Penny

The Debt Held by the Public is now 2.55 TIMES what it was when Democrats took majority control.

In just 7 years, 2 months, Democrats have increased the Debt Held by the Public by 155%!

I remember when Democrats were trying to win the Nov 2006 elections, they thought the Debt Held by the Public was a national security issue:

2006:

Over the past decade, the Republican controlled Congress took our nation in the wrong direction. Too many Americans are paying a heavy price for those wrong choices: record costs for energy, health care and education; jobs shipped overseas; and budgets that heap record debt on our children. For millions, the middle-class dream has been replaced by a middle-class squeeze…

Democrats are proposing a New Direction for America…

With integrity, civility and fiscal discipline, our New Direction for America will use commonsense principles to address the aspirations and fulfill the hopes and dreams of all Americans. That is our promise to the American people….

Our federal budget should be a statement of our national values. One of those values is responsibility. Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits. Instead of piling trillions of dollars of debt onto our children and grandchildren, we will restore “Pay As You Go” budget discipline.

Budget discipline has been abandoned by the Bush Administration and its Republican congressional majorities. Congress under Republican control has turned a projected $5.6 trillion 10-year surplus at the end of the Clinton years into a nearly $3 trillion deficit– including the four worst deficits in the history of America. The nation’s debt ceiling has been raised four times in just five years to more than $8.9 trillion. Nearly half of our nation’s record debt is owned by foreign countries including China and Japan. Without a return to fiscal discipline, the foreign countries that make our computers, our clothing and our toys will soon be making our foreign policy. Deficit spending is not just a fiscal problem – it’s a national security issue as well.

Our New Direction is committed to “Pay As You Go” budgeting – no more deficit spending.

2007:

After years of historic deficits, this 110th Congress will commit itself to a higher standard: pay-as-you-go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.

- New Speaker Nancy Pelosi, 01/04/2007

In just 4 years as Speaker of the House, Nancy Pelosi burdened future generations with a mountain of $5.3 TRILLION in new debt!

Voters have ALWAYS wanted Fiscal Discipline, and in 2006 the Democrats made false promises with that in mind. In 2008, they successfully blamed the minority (George W. Bush) for what the majority (themselves) had done to the economy.

2010 was a Tea Party wave, and 2012 was not a huge win for Dems, other than their managing to keep Obama in the Presidency.

If we are successful in spreading the TRUTH that it was Barack Obama, not George W. Bush, who was part of the majority party from 1/3/2007 to 1/20/2009, perhaps we can get voters to give credit where credit is due.

George W. Bush is due credit for the Bush Tax Cut Recovery from FY 2003-2006.

The Democrat majority (including Barack Obama) deserves the majority of the blame for what happened to the economy in 2007, 2008, 2009, 2010, 2011, 2012, 2013, and 2014.

ITguy on March 6, 2014 at 12:51 PM

David Graham at the Atlantic agrees that this is a stunt budget, but suggests that Republicans are to blame for it:
================================================

Interesting,..so a rogue group of GOP’rs, er,..no…..this needs to be more sinister, otays,..a rogue group of Tea Party TeaHadi’s forced there way in,
covertly,..to a Pajama Boy Budgey Party, and while that group, were busy
with Games of Unicorn Prancing Dancing,..and in depth merits of ACA, dis
cussions,…

the alleged TeaHadys,…changed the Budget into a Socialist Progressive
Drream-World “Wish-List”,………and everything was going tickety-boo,
they got out unscathed, and un-noticed,

accept one smart-*ssed TeaHadi,..dropped a Tetley Soothe Ginger-Mint
With LemonGrass Tea-Bag,…..

…as a calling card!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(snark)

canopfor on March 6, 2014 at 12:53 PM

How likely is the GOP-controlled House to give Obama one trillion dollars in tax hikes? As likely as they are to cut defense spending while Vladimir Putin is on the roll in Ukraine.

Er … the GOP has been happy to hit defense and leave everything else alone. The Weeping Boner did just that in that stupid “sequester” that he then claimed he had no idea where it came from, while Paul Ryan (R – Sh!thead) has been all gung-ho to find cuts in defense spending so that he can collude with dems and Barky on another insane spending plan – not a budget, mind you, but just continued insane spending … and allowing Barky and the America-haters to borrow until the Fed’s printing presses overheat and seize.

ThePrimordialOrderedPair on March 6, 2014 at 12:55 PM

“…and it?s painfully obvious to everyone except the President and his staff.” And his media lap dogs.

Dr Snooze on March 6, 2014 at 12:57 PM

When will Obama solve this reality problem by issuing an executive order?

ConstantineXI on March 6, 2014 at 12:58 PM

The tipping point will be when he claims to be dating Morgan Fairchild.
Happy Nomad on March 6, 2014 at 12:36 PM

Well, she’s a Hollywood cougar, so that wouldn’t be entirely impossible…

But I do think this is more likely:

Obama is uninterested in women. He’d claim to be dating Morgan Freeman.
ConstantineXI on March 6, 2014 at 12:39 PM

dentarthurdent on March 6, 2014 at 1:00 PM

When will Obama solve this reality problem by issuing an executive order?

ConstantineXI on March 6, 2014 at 12:58 PM

I expect a subordinate part of that EO will be repeal of the laws of physics – those are just a particularly troublesome part of reality.

dentarthurdent on March 6, 2014 at 1:11 PM

I’m getting up in years, but must avoid the Soylent Green conveyor belt long enough to see the spin on O’s legacy…

vnvet on March 6, 2014 at 1:16 PM

I can’t see the lazy ass even deigning to write down his budget fantasies.

ConstantineXI on March 6, 2014 at 12:41 PM

Why have one written? Its easier to spend money you don’t really have with a budget that doesn’t really exist.

hawkeye54 on March 6, 2014 at 1:44 PM

Our budget is about choices,” Obama said at a D.C. school Tuesday, in remarks about the budget. “As a country, we’ve got to make a decision if we’re going to protect tax breaks for the wealthiest Americans,…

What tax breaks, Mr. O? I’ve been looking, and my accountant looks, and we don’t see any of these mystical tax breaks.

Doc Holliday on March 6, 2014 at 2:16 PM

What tax breaks, Mr. O? I’ve been looking, and my accountant looks, and we don’t see any of these mystical tax breaks.
Doc Holliday on March 6, 2014 at 2:16 PM

They’re to the left of the unicorn, just under the rainbow, right next to our allies in Russia and all the new jobs.

ImmigrantsWife on March 6, 2014 at 2:21 PM

Our budget is about choices,” Obama said at a D.C. school Tuesday, in remarks about the budget. “As a country, we’ve got to make a decision if we’re going to protect tax breaks for the wealthiest Americans,…

What tax breaks, Mr. O? I’ve been looking, and my accountant looks, and we don’t see any of these mystical tax breaks.

Doc Holliday on March 6, 2014 at 2:16 PM

Indeed.

The 2003 Bush Tax Cuts cut tax rates for ALL taxpayers.

Rates went down, and tax revenues went UP.

FY 2007 Revenues were 44% larger than FY 2003 Revenues.

Obama let ONLY the rates on the top bracket increase.

It is a Democrat MYTH that the Bush Tax Cuts are responsible for the Obama administration deficits.

1/3/2007 – 1/20/2009, George W. Bush was in the MINORITY party.
1/3/2007 – 1/20/2009, Barack H. Obama was in the MAJORITY party.

Pelosi, Reid, Obama, Biden, Clinton, Kerry, etc. inherited the FY 2007 budget on 1/3/2007… a budget which had a BELOW AVERAGE deficit of 1.2% of GDP. (The FY 1947-2007 average deficit was 1.6% of GDP.)

Data Source:
http://www.whitehouse.gov/sites/default/files/omb/budget/fy2014/assets/hist01z2.xls

I’m a #Factivist.

ITguy on March 6, 2014 at 2:30 PM

It’s like nobody even calls him out anymore because we’re all so desensitized to the garbage coming out of DC. Probably part of the plan…

ImmigrantsWife on March 6, 2014 at 12:42 PM

The blatant and brazen in your face lies from Obama and everyone that supports him is absolutely amazing.

OT I read a report that Obama was asked about delaying the personal mandate for ZeroCare™ but he said no. This was in front of a latino audience.

dogsoldier on March 6, 2014 at 2:32 PM

I’m a #Factivist.

ITguy on March 6, 2014 at 2:30 PM

The Aministration considers facts to be Raaaaaaaaaaaacist!

Doc Holliday on March 6, 2014 at 2:33 PM

Obama has exactly zero knowledge of economics. Before Ayers ghost wrote his first book and Tony Rezco put him on the take, the super genius Obama family was months away from filing bankruptcy. These economic illiterates are running what is left of our country.

jukin3 on March 6, 2014 at 2:44 PM

Supporting Housing Assistance for People Living with HIV/AIDS. The Budget provides $332 million for HUD’s Housing Opportunities for Persons with AIDS (HOPWA) program to address housing needs among people living with HIV/AIDS and their families.

Priorities.

Your tax dollars at work for Democrat votes.

ITguy on March 6, 2014 at 2:54 PM

I’m a #Factivist.

ITguy on March 6, 2014 at 2:30 PM

The Aministration considers facts to be Raaaaaaaaaaaacist!

Doc Holliday on March 6, 2014 at 2:33 PM

Twitchy story,
Twitter hashtag.

One of the stupidest things The Democrat Party ever did was encourage people to spread FACTS on Twitter!

The facts are not in the Democrats’ favor!

ITguy on March 6, 2014 at 3:23 PM