The Obama administration on Tuesday acknowledged that Obamanomics, the dismal science of spending other people's money as fast as possible, honed with ward bosses and union kingpins on Chicago's South Side, has failed. They did so, not in so many words and probably without knowing it, while hammering Americans with a devastating and demoralizing one-two blow -- one a sucker punch, the other below the belt. With the sycophants in the Obama press corps distracted while rubbing elbows with the Obamas and other rich folk on the Vineyard, the O Team threw their sucker punch: officially announcing that the federal budget deficit next year will be nearly 20% more than in their first forecast made just last May, and over the next ten years will be two trillion dollars more than they had predicted. That's two million million dollars more than Obama had forecast. Just 90 days ago. Oops. Even ballpark hunches should be closer than that. Obama's estimate of the te
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