Cartoon of the Day: Pass The Hat- "For The Next Bailout"

Kal of the Economist makes another germane depiction of the current political trend in the US...

To further validate on Kal's theme, this from last night's the social liberal New York Times,

`` President Obama’s budget proposals, if carried out, would produce a staggering $9.3 trillion in total deficits over the next decade, much more than the White House has predicted, the Congressional Budget Office said on Friday.

``The office’s estimates of deficits in the fiscal years 2010 through 2019 “exceed those anticipated by the administration by $2.3 trillion,” the budget office said in a report.

``The deficits under the Obama plan would be $4.9 trillion more than the deficits that would be projected if there were no changes in current laws and policies — what the nonpartisan budget office calls its baseline assumption."

The Moral: More Bailouts=more wasteful spending (e.g. AIG), more corruption, more mistakes, more dissatisfaction and growing risks of political upheaval.