Despite President Obama and Democratic leaders’ talk of fiscal conservatism, there is little sign that Congress and the White House are truly reversing years of Bush administration spending increases built on the idea that deficits don’t matter. We hope t
ings over the next 10 years in his budget. But some of that is achieved by inflating the budgetary baseline, so that spending less than that phony number appears to be a savings. For example, the White House pretends that higher Medicare payments will be made to physicians than required under current statutes, that Iraq avoiding making the hard choices that he has argued need to be made.
A major problem with the Obama budget is that it focuses on a number of costly administration legislative priorities whose timing should be questioned given the state of the economy and the massive level of stimulus spending al-