The Obama administration’s budget director spoke about the proposed $3.8 trillion budget and its accompanying (and understated) $1.3 trillion deficit, saying that the administration is making the “tough choices” when it comes to spending the taxpayers’ money:

Our budget spurs job creation, puts U.S. on fiscally sustainable path…we are also making tough choices in the budget: cutting what doesn’t work or isn’t necessary and investing in what will help to expand the economy and employment in the coming years. The budget thus institutes a three-year non-security discretionary freeze that will save $250 billion over the next decade. As I have said many times before and will again (since it’s still true!), the key to our long-term fiscal future is fiscally responsible health insurance reform.

“Save $250 billion over the next ten years.” Sadly, these days that’s a drop in the bucket, compared to the $5 trillion in deficits over the next five years. And what’s this nonsense about a “fiscally sustainable path“?

As an AP story said in a different context: “NNSA Administrator Thomas D’Agostino defended putting more money into the programs…’This budget is implementing the president’s nuclear vision,’ he said.” Indeed.

This entry was posted on Wednesday, February 3rd, 2010 at 4:26 am and is filed under business, Democrats, General, Republicans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.