Making Matters Worse

No one will be surprised to learn that since Barack Hussein Obama was inaugurated, the government's balance sheet has gotten worse. However, it has gotten much, much, much worse.

But of course, the Washington Post has managed to find a way to blame Bush.

The nation's long-term budget outlook has darkened considerably over the past six months, and President Obama's plan to extend an array of tax cuts and other policies adopted during the Bush administration has the potential to "create an explosive fiscal situation," congressional budget analysts reported yesterday.

In a new report, the Congressional Budget Office found that extending the Bush administration tax cuts, reining in the alternative minimum tax and canceling a scheduled reduction in payments to Medicare doctors would dramatically slash tax collections at a time when federal spending would be "sharply rising." The resulting budget gap would drive the nation's debt over 100 percent of gross domestic product by 2023, the report says, and past 200 percent of GDP by the late 2030s.

It has nothing to do with a 787 billion dollar porkulus bill. It has nothing to do with a bloated budget with a nearly two trillion shortfall. No, it's Bush's budget deficit.