Obama's 2011 Budget -3,710,000,000,000,000,000.99

Ah the sweet smell of a sexy, successful Blog. As Henry Kissinger noted, so astutely: "Power is the Ultimate Aphrodisiac." So, when Your Humble Blogger stated, just days before the State of the Union Address, that the President's commitment to solve the nation's debt crisis would be demonstrated by his calling for the defunding of the income redistributive Pell Education Grants, I was prescient indeed, as the Administration's 2011 budget proposal delivered to the Congress today proposes to cut Pell funding by 100 billion dollars over the next ten years. I was unsure whether or not "Random Thoughts' was read in the White House, so confirmation is sweet.

Regrettably, other parts (the remaining 3.71 trillion dollars) do not reflect the President's loudly proclaimed commitment to deficit reduction. In his numerous public statements, Mr. Obama has acknowledged that the current levels of federal deficit spending are unsustainable, and will lead, in the very near term, to massive economic dislocations, as the value of the dollar plummets in international exchange markets and ever greater percentages of the nation's wealth are transferred to foreign powers in interest and principal payments on their loans to the U.S. Treasury.

So, how does the President's proposed 2011 budget begin to save America from losing our sovereignty to hostile foreign regimes - by demanding that the Congress approve another 1.7 trillions dollars in new borrowing in 2011. Now, absent the 10 billion dollars in Pell Grant cuts for next year, I would have to say the President is not serious about solving our nation's Debt Crisis. Just saying ...