President Bankrupt Blank Check Obama needs to call up his buddy Tim Geithner and have the accountants apply a stress test to his federal budget projections. The rigged bank stress tests are now completed and Wall Street is euphoric and driving up the prices on these bank "penny stocks". Perhaps Mr. Geithner can wave his magic wand and rig a miracle on the Federal Budget by applying a similar stress test.

The federal budget is enormous and projections for its future are always rosey. They optimistically forecast high economic growth and rising tax revenues, while assuring us there will be budget "restraint" and "cost savings" in already out of control entitlement areas. On top of this, Obama dreams about new health care initiatives which will be funded by taxing rich people to death while adding millions of  people who do not pay taxes to the health care rolls.

Anybody with half a brain can get a calculator out and challenge these optimistic budget assumptions. A swing of only 1% or 2% DOWNWARD in economic growth and  tax revenues while spending increases by 2% or 3% UPWARD over the projections will crush the federal budget forecasts and cripple the economy for decades to come. Unemployment is already at 8.9% and probably headed to 10% by year end. This is a far lower rate than the Obama administration is using for its budget forecasts.

Of course, Blank Check will yak and yak about his new Green Job Economy, all the the jobs he is saving and creating, saving the planet with his Crap and Trade ideas, and sending all the unemployed to school on the taxpayers dime. All this Ecotopia stuff plays well to the European liberals in the media elite. Sooner, rather than later, the yearly budget deficits will be a recurring annual one trillion plus dollars under Bankrupt's reign of fiscal terror.

The solution? The 95% of Americans who got a tax cut this year will have to pay it all back next year and see their taxes increased to pay for all of this nonsense.
 
Next year, Obama will have to go on one of his speaking tours and tell the American people that he mistakenly read his teleprompter when classifying "rich" as people making $250,000 a year and more. 
  
 

He will boldly proclaim at these U.S. Treasury Bond Foreclosure Town Meetings:

"I should have told you that a rich person was someone making $25,000 a year or more. I put an extra zero on the income levels - a minor mistake. Joe Biden should have corrected me, but he was too busy making sure the states wasted all their stimulus money last year. I told you we would have change. What's a zero when we are interested in the greater good?"

0 - Whats a Zero?  - the confidence I have in this budget!

Change -- that's all we'll have left in our wallets if the budget projections are not stressed test and challenged with worst case scenarios.

Suggested Book Cover for Blank Check's Federal Budget Forecast