Steyn on the President's budget and debt

The master outdid himself with this one: Have you seen the official White House version of what the New York Times headline writers call "A Responsible Budget"? My favorite bit is Chart 5-1 on Page 58 of their 500-page appendix on "Analytical Perspectives." This is entitled "Publicly Held Debt Under 2013 Budget Policy Projections." As shown above, it's a straight line going straight up before disappearing off the top right-hand corner of the graph in the year 2084 and continuing northeast straight through your eye socket, out the back of your skull and zooming up to rendezvous with Newt's space colony on the moon circa 2100. Some in the administration think that this is cause for hilarity: As for us doom-mongers, at the House Budget Committee last Thursday, Chairman Paul Ryan produced another chart, this time from the Congressional Budget Office, with an even steeper straight line showing debt rising to 900% of GDP and rocketing off the graph circa 2075. America's Treasury...(Read Full Post)