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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review February 2, 2010 / 18 Shevat 5770

The budget poseur

By Rich Lowry




http://www.JewishWorldReview.com | President Barack Obama is a budgetary Don Quixote, with Office of Management and Budget Director Peter Orszag his enabling sidekick Sancho Panza.


Obama has donned his armor and picked up his lance to wage a thoroughly imaginary battle for fiscal restraint. He betrays not the slightest sign that his self-styled brave, tightfisted responsibility — slaying wasteful programs and freezing spending all around him — is all a dream.


"We simply cannot continue to spend as if deficits don't have consequences," Obama said in unveiling a budget with a record $1.6 trillion deficit this year that will be the highest as a share of GDP since World War II. He warned against treating taxpayer dollars as "monopoly money," even as he proposes a budget of $3.8 trillion, and against ignoring the challenge of the debt "for another generation," even with a $1 trillion deficit projected at the decade's end.


In his "question time" exchange with Republican House members, Obama proved for anyone who might have forgotten that he's whip-smart, unflappable and glib; it's the facts that are his undoing.


Anyone listening to him describe his budget would stock extra foodstuffs in the pantry for the lean times ahead — and would be shocked to learn that Obama was speaking of the most extravagant budget in American history. It's a Keynesian blowout wrapped in an Eisenhower-era sensible Republican cloth coat.


National debt will exceed GDP in 2012, a staggering fact. Internationally, we will share that distinction with such fine fiscal company as Iceland, Greece and Italy. Even Brazil, Pakistan and Malawi have a lower debt as a percentage of GDP.

Letter from JWR publisher


The $4.5 trillion in debt Obama has accumulated in the first two years and eight months of his administration will nearly match the $4.9 trillion of George W. Bush's eight years as president. That's not fair as a straight comparison, because Bush inherited a surplus whereas Obama inherited an ongoing fiscal meltdown. But that doesn't justify making it worse.


Obama is not the first president to take office amid a deteriorating budgetary picture. So did Bill Clinton in 1992. He responded by jettisoning the $200 billion "investment" program he promised in the campaign and adopting a deficit-reduction program in its stead. He caterwauled privately about losing his political soul, and his left-wing supporters predicted economic gloom. A decade of rollicking good times ensued.


Obama has taken the opposite tack: spending even more than he promised in the campaign as he inherited spiraling, recession-fueled deficits. The fruit of all the stimulus spending is hard to detect, with unemployment projected to stay above 8 percent into 2012. The robust GDP growth of the fourth quarter had more to do with businesses replenishing their inventories. But Obama still wants another $100 billion in deficit spending on yet another stimulus program. Whether he's profligate or austere, Obama is always spending more.


One of his favorite riffs is that he is going through the budget "line by line" for savings. This purportedly adds up to $20 billion in savings next year, which is about one-fifth of the cost of the new stimulus program and one-fifth of the average monthly deficit last year.


It's not that Obama is utterly incapable of finding savings and revenues. To fund his nearly $1 trillion health-care reform, he's endorsed extensive Medicare cuts and tax increases, both of which are supposed to be relatively painless and beneficial to the overall health-care system. Why wouldn't he use them, then, to take a ready bite out of the deficit rather than devote them to a new, fiscally unsustainable entitlement program?


Ah, but don't disturb Obama during his epic budgetary quest in his own mind. Margaret Thatcher said the problem with socialism is that you eventually run out of other people's money. Obama may run out of ours while maintaining all the while he's cutting the budget down to size.

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© 2009 King Features Syndicate

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