Creative Destruction

And I thought Bush was bad:

In addition to sending Congress his $3.55 trillion budget plan for 2010, Obama proposed more immediate changes that would push spending to $3.94 trillion in the current year. That would result in a record deficit Obama projects will hit $1.75 trillion, reflecting the massive spending being undertaken to battle a severe recession and the worst financial crisis in seven decades.

via Obama sending Congress ‘hard choices’ budget – White House- msnbc.com.

We are so doomed.