Still, the $3.6 trillion budget passed by the House last week and the $3.5 trillion version passed by the Senate are noteworthy for what they reveal about the Democratic majority’s intent — in concert with President Barack Obama.
As House Democrats brought their budget proposal to a vote, gleeful Speaker Nancy Pelosi said she felt "emancipated.” There’s a thought: the San Francisco liberal, running free on a spending bender. Talk about a budget hawk’s worst nightmare — only this isn’t a dream.
The House and Senate have to reconcile differences in their budgets, but the result surely will be the largest peacetime debt buildup in history, writes Brian Riedl of the conservative Heritage Foundation. "Democrats have surrendered whatever moral authority they could have claimed on deficit opposition,” Riedl writes. "The same party that condemned President Bush for running temporary $300 billion to $400 billion deficits (partly resulting from the war) has now approved budget deficits averaging $1 trillion annually over the next decade.”
We suppose this is what folks at the White House would call making the most of a crisis — spending increases across the board to remedy a sputtering economy. Obama and Pelosi talk of "investments” in health care, energy and education as necessities to restore economic health.