01 April 2009

Uncommon Commentary #45: Happy April-Democrats' Day!

Today, the US Congress began consideration of the 2010 Obama budget, which, if approved in its present form, will produce a record $1,300,000,000 deficit; by contrast, the cumulative 1940-1944 deficit amounted to $1,650,000,000 in today's money, despite the fact that most of those five budgets included the expenditures necessary to wage the biggest war that the world has ever seen. Let's hope that it's all only an April Fools' Day joke.