Obama's Unsustainable and Gutless Budget Proposals
But the all-time topper is the $3.819 trillion the administration expects to spend by the time the current fiscal year ends in September. It's an average of almost $320 billion per month. The government didn't spend $300 billion in any single month until October 2008. If this level of spending really occurs, the insulting 7% increase over fiscal 2010, piled on top of the previous three years' injurious increases, will mean that Pelosi, Obama and Reid will have pushed up spending by almost 40% in just four years. It will mean that federal spending, according to the administration's projections, will gobble up over 25% of the country's annual economic output. That is by far the highest peacetime percentage since 1903, and almost certainly the highest in U.S. history.
The fiscal 2011 spending increase is happening even though the stimulus program was supposed to have ended during 2010. That hasn't happened, but beyond that, departments whose spending has nothing to do with stimulus are continuing to go hog wild.
I would compare Congress's budgeted 2011 outlays to what we were spending in 2007 or 2008, except for one thing, typified in this graphic grab from Page 64 of OMB's report:
Unlike in 2010, there is no 2011 estimate. That's because Pelosi and Reid's Congress didn't pass a 2011 budget. I don't recall that Barack Obama has ever complained about that. If I'm right, no wonder; spending has been and will be on autopilot this year until somebody does something about it. Democrats consider that a feature, not a bug.
Well, something must be done. The ridiculous level of fiscal 2011 spending must be reined back as much as possible during the months which remain. The $100 billion reduction that got through the House last week is a start, but it must be pushed through the Senate so that the president will be forced to make a tough decision: start winning the future, or continue mortgaging the future?
Looking into future years, the message in the 2012 budget from the president and his party to the nation's 80% non-liberal majority is clear: You don't like what we've been doing? Just try and stop us." They're betting that the American people and their representatives, even when facing the financial abyss -- an abyss brought even closer by what Investors Business Daily has called "Obama's Gutless Budget Proposal" -- won't have the stomach to do what must be done. Whether or not they're right may be the most important fiscal question we ever face.