President Obama’s Budgetary Delusion and the Upcoming Crisis we Face

Obama’s FY2011 Budget Proposal Delivered To Congress

Photo credit: Getty Images via @daylife

WASHINGTON – FEBRUARY 01: A Senate employee uses a mechanical dolly to carry copies of U.S. President Barack Obama’s FY2011 Budget past dozens of journalists and into the Senate Budget Committee hearing room on Capitol Hill February 1, 2010 in Washington, DC. The budget will swell the deficit to $1.6 trillion despite Obama?s proposal to freeze domestic discretionary spending at current levels for three years and let the Bush Administration?s 2001 and 2003 tax breaks for the wealthy expire. This is the largest budget deficit since World War II and would equal almost 11 percent of the gross domestic product. (Photo by Chip Somodevilla/Getty Images)

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