So, last week I’m watching “Morning Joe” with a bowl of Capt. Crunch as I do most mornings. Joe and Mika were doing must read op-eds and chose this one from Real Clear Politics. Some snippets…

Let’s see. From 2010 to 2019, Obama projects annual deficits totaling $7.1 trillion; that’s atop the $1.8 trillion deficit for 2009. By 2019, the ratio of publicly held federal debt to gross domestic product (GDP, or the economy) would reach 70 percent, up from 41 percent in 2008. That would be the highest since 1950 (80 percent). The Congressional Budget Office, using less optimistic economic forecasts, raises these estimates. The 2010-19 deficits would total $9.3 trillion; the debt-to-GDP ratio in 2019 would be 82 percent.

The Obama budgets flirt with deferred distress, though we can’t know what form it might take or when it might occur. Present gain comes with the risk of future pain. As the present economic crisis shows, imprudent policies ultimately backfire, even if the reversal’s timing and nature are unpredictable. The wonder is that these issues have been so ignored. Imagine hypothetically that a President McCain had submitted a budget plan identical to Obama’s. There would almost certainly have been a loud outcry: “McCain’s Mortgaging Our Future.” Obama should be held to no less exacting a standard.


Their guest at the time was one of them liberals. Who he was is irrelevant because they all repeat the same talking points they get from “JournoList,” which is precisely what he did instead of commenting on the article in question. You know the greatest hits right by now…”everything is George Bush’s fault,” “you people have no ideas,” “this article is a distraction,” blah blah blah, yackity schmackity.

Of course there’s my personal favourite, “where were these people when George Bush ran up the deficit?” Personally, I think they’re hanging out with everyone on the left who though the Bush deficit was the worst thing EVAH yet are no where to be seen now that Obama has quadrupled it. Never mind those of us who were critical of W’s spending as well, with the message there being it’s pointless to criticize your own party, since at the end of the day you just get accused of blindly following anyways. I digress.

It’s the comparison/”moral relativity” between the Bush deficit and the four times larger Obama deficit that I find amusing. Somehow because the last guy was bad, we’re supposed to be okay with the new guy doing the same thing the last guy did…only doing them like whoa! Of course, being the economic expert that I am (like all bloggers), I could sit here and explain to you why the new boss scares us more than the old boss did.

But I found a video that does it better than I ever could…