Obama budget is a big joke, but not very funny

Here is what POTUS just tossed out:
Income = $2.1 trillion
Spending = $3.7 trillion
Deficit = $1.6 trillion

He proudly crowed that his budget saves $1 trillion over the next 10 years.
Uh-huh: that is rather like spending $25,000 on a new car and proclaiming that you just reduced your household spending $5,000 because the car was on sale. Only in Washington does this nonsense hold up as logical.

See, he is technically correct, but over those ten years he will spend $15 trillion that he does not have. C’mon: the US government gets over $2 trillion in taxes every year: that really ought to be enough money to run the government. I have a better idea: balance the budget and we will save $1.5 trillion right away.

See, the worst part about the federal budget deficit: they represent tax increases for our children and grandchildren.