According to Breitbart, the White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.

The administration's annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama's budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.

My friends, when the Pelosi-Reid Congress shatters spending records by a cool trillion this year alone, Team Obama SHOULD have complicated efforts in enacting new reforms. A responsible government would actually sit back, take in the numbers and withhold on additional spending, especially when the CBO says government spending is on an UNSUSTAINABLE PATH. Of course taking a break from spending would mean a break from ramming a leftish agenda down the throat of all Americans.

And by the way according to The New York Post the Pelosi-Reid Congress has shattered spending records this year by a cool trillion. Looks like "hope and change" comes with a MASSIVE price tag:

Data published by the White House show federal spending has inched upward annually since 1965. But no other year comes close to matching 2009's $3.997 trillion gusher -- a spending binge that's helped put Congress on track for a record $1.8 trillion deficit. By way of comparison, in fiscal year 2008, Congress tore through a total of $3 trillion with a then-record deficit of $458 billion, according to White House figures. And the amount of government debt held by the public will have ballooned from $5.8 trillion to $8.5 trillion in less than a year.

Remember it was only weeks ago that Vice President Joe Biden said Vice acknowledged that some waste is "inevitable" in the spending of a $787 billion economic stimulus package.

Today the DrudgeReport provides us the following list of some of the wasted spending....

UPDATE...RECOVERY.GOV // AWARDED: $2,531,600 FOR 'HAM, WATER ADDED, COOKED, FROZEN, SLICED, 2-LB'...RECOVERY.GOV // AWARDED: $1,191,200 FOR '2 POUND FROZEN HAM SLICED'...RECOVERY.GOV // AWARDED: $351,807 FOR 'REPLACE AND UPGRADE THE DUMBWAITER'...RECOVERY.GOV // AWARDED: $1,562,568 FOR 'MOZZARELLA CHEESE'...RECOVERY.GOV // AWARDED: $5,708,260 FOR 'PROCESS CHEESE'...RECOVERY.GOV // AWARDED: $16,784,272 FOR 'CANNED PORK'...RECOVERY.GOV // AWARDED: $1,444,100 FOR 'REPAIR DOOR BLDG 5112'...RECOVERY.GOV // AWARDED: $541,119 FOR 'INSTALL TRAFFIC SIGNAL'...

Gotta love that Hope and Change.