Bombshell: CBO Says Obama Budget Underestimates Deficits By...

only $1.2 trillion!!!!! That's a big miss. We are out of irresponsible territory; we are in full-on, pedal-to-the-metal headed for the brick wall mode now baby.

Check it out here. Doug Elmendorf & Co. have just dropped a MOAB on Obama's head. The CBO paints a picture of Japan's lost decade (and still counting really) and Euro-style entitlement state meltdown all rolled into one.

My FDR-votin' grandma just became a Tea Partier...