E!! The True Conservative Story™

If you can stomach it, Americans for Tax Reform has a recap of all the major fiscal and tax-related events since Inauguration Day.

Title:  Obama’s First 100 Days:  Higher Spending. More Debt. New Taxes. Broken Promises.

Yep, that about sums it up.

Just a snippet:

Day 1 — January 20: In his Inaugural address, President Obama makes a noteworthy commitment to the American taxpayer:
 
“And those of us who manage the public’s dollars will be held to account, to spend wisely, reform bad habits, and do our business in the light of day, because only then can we restore the vital trust between a people and their government.”

Or two:

Day 41 — March 1: The Obama administration foreshadows another broken promise when Peter Orszag, appearing on This Week with George Stephanopoulos, claims the 8,000 earmarks in the 2009 Omnibus Appropriations Act of 2009 are “last year’s business. We just need to move on.” The statement by Orszag in not consistent with Obama’s campaign promise made in the first presidential debate:
 
“And, absolutely, we need earmark reform. And when I’m president, I will go line by line to make sure that we are not spending money unwisely.” (Sept. 26, 2008. First Presidential Debate, Oxford, Miss.)

RTWT.

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.

Stephen Spruiell & Kevin Williamson @ NRO list and detail the 50 most outrageous items in the stimulus package.  This is the best, most comprehensive sum-up I’ve seen.  Read it and weep call your senator today.