E!! The True Conservative Story™

Whatever your political leanings, you should give yourself the gift of a quick education and read this 12-page report from Veronique de Rugy of the Mercatus Center at George Mason University.  It is an excellent overview and contains many easy to understand charts, graphs, and summaries.

There is no denying that this budget contains enormous spending increases and will lead to unprecedented levels of national debt.  And Obama’s ”spending cuts” are nowhere to be found.  (Where is the promised scalpel, sir?!)  For example: 

– Obama proposes to move some items from the “discretionary” to “mandatory” spending category, but that is just re-arranging chairs.

– About half the total “savings” come from tax increases.

– Another large chunk of “savings” is really just money ($170 billion a year) that won’t be spent in Iraq after 2012.  But the Bush administration never planned to extend anything like the current levels of spending beyond 2012.  It’s not “saving” to not spend money that was NEVER going to be spent.

Fake savings and tax increases aside, this budget is scary because it is a permanent expansion of the federal government as a percent of GDP.  The simple chart on page 12 sums it up very nicely.  De Rugy, an expert in her field, predicts “slower growth rates, higher unemployment rates, lower standards of living, and higher levels of poverty.”

Change is definitely on the way, folks.  And you better hope your family is spared.