The federal budget is due for release right now, but it’s being delayed because it bears bad news, and no, we don’t need bad news now that the administration is pushing for that “free healthcare” that will cost trillion$, the cap-and-tax that will bring the economy to a grinding halt, and possibly a second “stimulus” bill.

What kind of bad news? An even higher federal deficit, higher unemployment, and slower growth. Right now the projected deficit is $581 billion:

The White House projected revenues for 2012 are forecast at $3.1 trillion. But if growth is just 2 percent, rather than around 4 percent, as some economists now expect, that income would hover around $2.4 trillion — adding another $700 billion to the projected deficit of $581 billion.

White House putting off release of budget update

The administration’s annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama’s budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.

The release of the update – usually scheduled for mid-July – has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess.

They are waiting to release the updated budget after the Obama administration pushes through the healthcare bill.

Wasn’t Larry Summers saying in February that the spendulus would work “within weeks” of its being approved by Congress? How is that working out?


Will we have to google the budget?