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President Obama: Obsessions Of A Shopaholic!









by Geoff Earle

March 4th, 2009

The New York Post

Republicans slammed President Obama

for “cooking the books” in his new 

budget proposal, 

as the administration said this year’s

$1.75 trillion deficit was caused a by

a crisis unlike any in generations.

GOP lawmakers grilled Peter Orszag, 

Obama’s budget chief, in his first 

testimony on Capitol Hill to defend 

the tax and spending plan he 

unveiled last week.

“The numbers in this budget 

are staggeringly high,” 

fumed Rep. Paul Ryan (R-Wis.).

“If these scenarios in this baseline 

don’t play themselves out, 

then they’ll be even higher.”



Orszag replied: 

“The new administration has 

inherited an economic crisis 

unlike any we have seen in 

our lifetimes.”

Treasury Secretary Timothy Geithner, 

who would oversee more than 

$1 trillion in higher taxes over 

the next decade, 

got similar treatment.

“It looks like somebody’s 

cooking the books,” 

grumbled Rep. Kevin Brady 

(R-Texas) at a House Ways 

and Means Committee hearing.

“The president’s budget increases 

taxes on every American, 

and does so during a recession,” 

Rep. Dave Camp (R-Mich.) 

told Geithner.



Geithner countered that tax 

increases don’t kick in until 2011, 

when the administration is 

projecting that a recovery 

would be under way.

Although Ryan, 

the top Republican on the 

House Budget Committee, 

praised some aspects of the budget, 

he also ripped into accounting 

methods – 

like budgeting for high initial 

war costs that demonstrate 

a savings later.

“So you assume in your budget 

that we’re going to have a surge 

in 10 years [in Iraq], 

even though a surge, 

by definition, is up, 

then back down,” 

Ryan said, pressing Orszag.

“To go back, 

$1.6 trillion of these savings is 

because you are saying we are 

not going to have a surge for 

10 years, 

we are going to ramp it down,” 

he continued.



Orszag replied: 

“About a trillion-and-a-half dollars 

is because the war ends more 

quickly under this budget then 

we think the alternative 

would have been.”

Jeb Hensarling (R-Texas) 

accused Obama of putting up 

a “trifecta of trillions” – 

with the stimulus package, 

appropriations spending 

and budget deficits.

He said the deficit – 

which is projected to fall from 

$1.75 trillion to $533 billion 

over a decade – 


“red ink as far 

as the eye can see.”





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