With another year comes another federal budget season, kicked off by President Obama’s budget proposal. Although his plan was shockingly delivered by the date required by law (for only the second time under Obama), perhaps the president and his team should have taken a few extra days to think it through. The proposal they released today is so shockingly tone-deaf and immune to fiscal realities that it would be comic if we weren’t talking about the actual future solvency of the United States government.

Democracy and Power 104: Future Debt Burden A government debt is a government claim against personal income and private property – an unpaid tax bill.—Hans F. Sennholz

President Obama continues to lose the youth’s support-and fast. Just a few months ago, Harvard released a poll showing that 57% of Millennials disapproved of ObamaCare. That same poll showed that 54% of Americans from ages 18-29 disapproved of Obama, while only 41% approved. These statistics aren’t all that surprising, as Obama has made things extremely hard for the average millennial in his first 5 years. Student loan debt, job availability, ObamaCare and the overall national debt have crippled America’s youth.

When Washington raised the debt ceiling this week, the Beltway media breathlessly reported that the fiscal crisis had ended. Lawyers danced in hallways, bureaucrats twerked on the Metro, congressional aides kissed strangers in the streets — the Tea Party has been defeated! It was like VJ day for wonks.

Democracy and Power 104: Future Debt BurdenA government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. Sennholz

Democracy and Power 104: Future Debt BurdenA government debt is a government claim against personal income and private property – an unpaid tax bill. —Hans F. Sennholz