A great piece from American Spectator (excerpt):
In other words, Obama’s speech itself tells us this is all made up. Obama’s minions calculated the percentage of total spending cuts in Ryan’s budget, and then applied that same percentage to every politically sensitive line item in the budget. But as Ryan has said publicly, that is not what his budget does. The long overdue spending cuts are outlined in hundreds of pages on the House Budget Committee website.
What Ryan’s budget does is just return federal spending to its long–term, historical, postwar average at 20 percent of GDP, which prevailed for 60 years before President Obama and his runaway spending. With that manageable federal spending, America prospered as the richest and mightiest nation in the history of the planet.
But President Obama hysterically and falsely claims just doing that will lead to all of the above disastrous results, and further that “by the middle of the next century funding for the kinds of things I just mentioned would have to be cut by 95%,” which is another fabrication. Just returning to that long term, historical, postwar average of federal spending as a percent of GDP, Obama claims, is “really an attempt to impose a radical vision on our country… thinly veiled social Darwinism… antithetical to our entire history as a land of opportunity and upward mobility.” This from the long-time radical who ran on fundamentally transforming America, not restoring our history. Obama’s wild, false rhetoric is not even an honest, intelligent discussion of the budget issues.
What this means is Obama adamantly opposes restoring traditional, long-term control over federal spending, and won’t do that if reelected. Instead, on our current course under Obama and the Democrats, according to CBO, federal spending soars to 30 percent of GDP by 2027, 40 percent by 2040, 50 percent by 2060, and 80 percent by 2080. Actually, it would be higher than that, as GDP would collapse under that burden. Add in another 15 percent of GDP for state and local spending, and we are at full-blown communism.
Read the rest HERE.