The Blog

A Phantom Budget—and a Phantom $4 Trillion

8:55 AM, May 5, 2011 • By JEFFREY H. ANDERSON
Widget tooltip
Single Page Print Larger Text Smaller Text Alerts

Until President Obama actually submits a second budget and lets the nonpartisan CBO score it, no one should take his $4 trillion figure seriously.  So far, Obama has submitted one (and only one) budget for the 10-year period from 2012 to 2021, and — according to the CBO — it calls for 86 percent more deficit spending than the House Republican plan.  The only thing that Obama has offered since then is a phantom budget, with a phantom $4 trillion in deficit savings.


Follow the discussion on Facebook.

Recent Blog Posts

The Weekly Standard Archives

Browse 19 Years of the Weekly Standard

Old covers