The Obama-Pelosi Budget Explosion

The WSJ points out that since 2008, the Obama-Pelosi machine has already increased the federal budget by $4.4 trillion over the next decade (and as we all know, President Bush didn't exactly have a skimpy budget in 2008).

To appreciate the magnitude of this spending blowout, compare CBO's budget "baseline" estimate in January 2008 with the baseline it released Thursday. The baseline predicts future spending based on the law at the time. As the nearby chart shows, in a mere 31 months Congress has added more than $4.4 trillion to the 10-year spending baseline. The 2008 and 2009 numbers are actual spending, the others are estimates. As recently as 2005, total federal spending was only $2.47 trillion.

Keep that $4.4 trillion in mind the next time you hear Mr. Obama or Speaker Nancy Pelosi say they "inherited" this budget mess.

The GOP will likely re-take the House this fall and hopefully try to roll back a lot of this Democrat spending, although Obama has his veto pen handy. Still, another two years of Democrats and the U.S. will be, without a doubt, insolvent.