Harvard Law School professor Charles Nesson became famous for an obscenely large settlement, the subject of a book and a feature film. Our president is making ‘Billion-Dollar Charlie’ look like a tightwad. Though his State of the Union made a Clintonesque pivot toward frugality, the ‘freeze’ proposed (for one-sixth of the national budget) is upon a level undreamed of by previous presidents. Mr Obama presided over a deficit in excess of a trillion dollars last year, is presiding over another this year, and will preside over yet another in 2011. That's the deficit, not the budget.
Three trillion dollars! How much money is that? Well, the accumulated national debt of the United States didn’t reach $3,000,000,000,000 until 1990. So it took 199 years—and every president from George Washington to Ronald Reagan—to do what Mr Obama will have managed in less than three.
Above: some of the Congressfolk who will be earmarking those trillions. Blue skies! – Dan Ford
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