Prediction

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     The new Democrat budget (you can't blame this one on the Republicans) contains a deficit which is a greater percentage of the GNP than any budget since WWII.   Obama forecasts optimistally that this deficit will shrink in the future by assuming that the recession will end this year and the economy will resume normal growth.  

     I predict that neither of these events will happen.  There is nothing in this budget to stimulate the private sector, especially to stimulate businesses which creates new jobs.   Spending money on goverment giveaways and transfer programs does nothing for the private sector 
    
     Every dollar spent by the government on programs requires a tax dollar on private enterprise. If you kill private enterprise, you kill the goose that laid the golden egg.  It has been done before. It is going to be done here. 

     The deficit is going to be far larger than Obama foresees.  Can Obama be so stupid economically that he does not realize this?  Or does a severe recession afford him an opportunity to seize more and more power, like other 20th century leaders did during the 1930s?   I don't think Obama is stupid. 

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