Well, as we said about a thousand times prior to the election, there is no way Obama could massively increase the size of government while at the same time reduce taxes. And here on Day 65, we see how it's really gonna go down.
The Wall Street Journal reports:
Lawmakers also were effectively excluding several middle-class tax-cut pledges that Mr. Obama made in his budget, including long-term relief from the Alternative Minimum Tax, and even long-term extension of his Making Work Pay credit. Extending AMT relief and the Making Work Pay tax credit could run around $200 billion each over the next five years. Both are in effect now but expire soon.
Oh, but don't worry! The government is making a "sacrifice" too!
Sen. Kent Conrad (D., N.D.), chairman of the Senate Budget Committee, presented his version of Mr. Obama's budget to his colleagues on Tuesday, including an increase in annual nondefense spending of 7% for 2010 -- a $15 billion reduction from the president's.
Oh, the generosity! The government will take another $200 billion from the population - in contradiction to the promises made to it - but in turn will limit its spending increases to only 7%!
And if you were starting to think that all these progressive liberals simply could not be as smart as they claim to be, well, this ought to set you straight:
Progressives say now isn't the time for fiscal restraint, given the economy's fragile state and the need for long-term overhauls in health care and energy.
Make sense to you? No, me neither. Just remember, though, that this is the working strategy that Barack Obama is operating in....promises to the American people be damned!
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