Gradually, Then Suddenly

[WillowTree]

It is not often that one sees Ernest Hemingway cited in an article on the federal budget and fiscal situation. But that is what GOP House Budget Chair Paul Ryan (R-WI) and Senator Jeff Sessions (R-AL), ranking member of the Senate Committee, did in a recent Washington Post op-ed on President Obama's last budget of his first term. It is truly a sorry thing.
The Republican leaders note that for four straight years, the federal government's budget deficit has "eclipsed $1 trillion," with the national debt now exceeding the size of the U.S. economy. President Obama's budget basically "concedes" that, in the years ahead, the nation's "fiscal position gradually deteriorates." This, write Ryan and Sessions, "is reminiscent of Ernest Hemingway's explanation of how one goes bankrupt: 'Gradually, then suddenly.'"
Notwithstanding Obama's claim of $4 trillion in deficit reductions (the end of the war in Iraq, tax increases, etc.), "Under his plan, the government is projected to borrow $11.2 trillion over the next ten years," argue the two legislators. "The budget does not change our debt trajectory." The last budget of his term reveals, clearly, Obama's failure to deliver on his promise "to cut the deficit in half by the end of his term."





















If you want to see an example of the administration's evasiveness, embodied in the flesh, you can check out the video of Treasury Secretary Timothy Geithner testifying before Ryan's committee, wherein he essentially admits the administration does not have a budget plan for the long term. They just don't like Ryan's. Pathetic


The American Spectator : Gradually, Then Suddenly

 

[The T]

It is not often that one sees Ernest Hemingway cited in an article on the federal budget and fiscal situation. But that is what GOP House Budget Chair Paul Ryan (R-WI) and Senator Jeff Sessions (R-AL), ranking member of the Senate Committee, did in a recent Washington Post op-ed on President Obama's last budget of his first term. It is truly a sorry thing.
The Republican leaders note that for four straight years, the federal government's budget deficit has "eclipsed $1 trillion," with the national debt now exceeding the size of the U.S. economy. President Obama's budget basically "concedes" that, in the years ahead, the nation's "fiscal position gradually deteriorates." This, write Ryan and Sessions, "is reminiscent of Ernest Hemingway's explanation of how one goes bankrupt: 'Gradually, then suddenly.'"
Notwithstanding Obama's claim of $4 trillion in deficit reductions (the end of the war in Iraq, tax increases, etc.), "Under his plan, the government is projected to borrow $11.2 trillion over the next ten years," argue the two legislators. "The budget does not change our debt trajectory." The last budget of his term reveals, clearly, Obama's failure to deliver on his promise "to cut the deficit in half by the end of his term."





















If you want to see an example of the administration's evasiveness, embodied in the flesh, you can check out the video of Treasury Secretary Timothy Geithner testifying before Ryan's committee, wherein he essentially admits the administration does not have a budget plan for the long term. They just don't like Ryan's. Pathetic


The American Spectator : Gradually, Then Suddenly

Geitner the taxcheat can't admit that he and Obama have screwed the people andd doesn't want to acknowledge that a hard choice has to be made, and made now. They know that the present state of affairs is unviable, and the moocher class will rebel if Ryan's course is followed.