February 14, 2011
Is Barack Obama trying to play a joke on all of us? The budget that the Obama administration has submitted for fiscal 2012 is so out of touch with reality that it may as well be a budget for "Narnia", "Fantasy Island", "Atlantis" or some other mythical land. You can view the hard numbers for Barack Obama's 2012 budget right here. Obama's budget assumes that the U.S. will experience economic growth of over 5 percent for most of the coming decade. That is so far-fetched that "optimistic" is not the right word for it. It also assumes that U.S. government income (primarily made up of taxes on all of us) will more than double over the next ten years. Read More
