Now that President Obama's first deficit has been adjusted even further up, echos of folks complaining about the budget deficits during the Bush years ring in my mind.  Sure, we ran up enormous, never-before-seen deficits during those years, and I won't even try to justify them.  Nevertheless, at $455 billion at their height, those deficits pale in comparison to the $1.6 TRILLION deficit we are projected to swallow this fiscal year.

It is illustrative, I think, to restage that scene for this issue.  In our little re-enactment, Obama plays the part of Dundee, Bush stands in as the thug (I know my liberal readers will like that thought!), and we, the American People, are the female companion.  There we are walking hand-in-hand with President Obama, when out springs Bush brandishing his $455 billion deficit, "Eek! He's got a deficit!" we scream in dismay.  But our strong and confident Obama retorts eloquently, "That's not a deficit!"  And unsheathing his own deficit - all $1.6 TRILLION of it - he smiles and says, "THAT'S A DEFICIT!"



Filed under:  President Obama  Budget deficit