The Incomprehensible Absurdity of a Proposed $1.3 Trillion Budget Deficit

President Obama spent last week gloating about a spending freeze that will (supposedly) generate $250 billion in savings over 10 years, but no more than 10 billion for the 2011 budget.  Some think that he was sincere in that undertaking, yet given his announcement this week proposing a fiscal 2011 budget deficit of $1.3 trillion, it is very difficult to believe there is a shred of economic literacy within the Obama administration.

Take a look at this post from BusinessInsider.com:

Now, what do you think?  Is Obama crazy?  I doubt it.  Does he have the foggiest clue about economics?  Clearly not.  How can the POTUS propose something so irresponsible?  I suppose it could be because no one on Obama’s team has a clue about economics either, so we have the economically blind leading each other around inside the White House.  See the chart below for details.

Obama Cabinet Members with Private Sector Experience

If it is not economic ignorance, what is it?  The Cloward-Piven strategy?  I don’t know, but if Obama continues to pursue such absurd economic policies, he will lead the US to economic ruin. Whether that is his intent or not will be for historians to figure out.

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