Here are the facts...
The FY2008 budget allocated $3.1 trillion in spending, an increase of over $300 billion from the previous year. It makes more political than fiscal sense in that the FY2008 budget was passed by a Democratic Congress, which means that Obama and Nancy Pelosi will find it a little difficult to argue that it’s somehow inadequate. It still would outstrip revenues by around $600 billion, but that’s less than half of the projected deficit for FY2011 — if Democrats ever get around to proposing a budget for that fiscal year, which starts in 23 days. It’s a good pre-emption effort by Boehner and a way to focus on the real problem in the economy, which is not a lack of government spending or interventionsWhile that's better than what Congress has been doing...it certainly isn't enough. We, as a nation must stop spending money we don't have.
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