It was reported yesterday in the Wall Street Journal that Obama wants to use "pay-as-you-go" budget rules for all Federal budget spending. This means that if a new program is created or an old program is increased, then there must be either a tax increase or a cut made somewhere else in government to accommodate the increase.
But apparently Obama didn't get his own memo when the Stimulus Bill slammed its way through Congress and plopped on his desk for signature, hot and steaming. The stimulus bill is a huge spending bill and now all of the sudden he's concerned about balancing the budget?
On top of that, Obama declared that the "age of budget gimmicks is over" but someone needs to tell him that rosy assumptions are one of those purported tricks he supposedly doesn't like, since that is what he is relying on to claim that he can reduce the deficit to half a trillion by 2013.
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