Serious Comments on an Unserious Budget

Our friend Mike Ashton at E-piphany blog makes a comment on the Obama budget that is seemingly obvious-except to the political class.  He links to a color-coded chart in The New York Times that shows where the budget is increasing.

Mike’s comment:

What is amazing to me (and I don’t want this to become a political comment, but large deficits have a market effect and an economic effect and so it’s worth discussing) is how many parts of the budget are increasing at the very time when we’re running pan-trillion-dollar deficits. This is true even among discretionary items, but let’s be frank here: if the alternative is that the nation is unable to fund this budget and unable to borrow it, these are all discretionary items.

It reminds me of times of budgetary crisis when “non-essential” workers are furloughed. If they’re not essential-then why do we have them?

Published in: on February 15, 2011 at 9:24 am  Leave a Comment  
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