Media elites and pointy-headed leftwing intellectuals are having spasms this morning over Sarah Palin. What set them off this time? A liberal blogger discovered that Gov. Palin had written some “cheat” notes on her hand to use during her speech at the Tea Party convention this weekend. Every commentator in the country is using the incident to denounce her as stupid, non-intellectual, un-presidential and unserious. By the way, the “reminders” on her palm were “Energy,” “Cut taxes” and “Lift America’s spirits.” Oh the horror!

Of course most of the media talking heads continue to think that Obama is just the smartest, coolest guy that has ever occupied the Oval Office. Most of them thought it was silly when we raised questions about why our Harvard-educated president couldn’t say “Good morning” without his co-president – the Teleprompter. And even with the teleprompter, Obama manages to display serious ignorance. In a speech last week, he told a story about a Navy corpsman apparently not realizing that the “p” and the “s” in “corpsman” are silent. Twice, with the teleprompter, Obama pronounced the word as “corpse man.” Now there’s a job I wouldn’t want.

The media and the Left desperately want America to think that only liberals are smart. I remember how Reagan was mocked unmercifully because he used note cards during his speeches. The media had nothing but contempt for Dan Quayle. And, of course, George W. Bush was constantly presented as a buffoon.

“Poor little stupid Sarah Palin,” they are all saying. She wrote “Energy” on her hand to remind herself to bring up the need for more drilling. She wrote “Cut taxes” because she believes that is how to get our economy moving. She wrote “Lift America’s spirit” because she knows America needs inspiration.

Our president doesn’t write notes on his palm. He “knows” that limiting drilling is a great idea while we grow more dependent on people who hate us. He “knows” that raising taxes on families and small businesses is just the thing to do when the economy is on the ropes. And he is too busy apologizing for America’s sins and bashing businesses to think about lifting our spirits.

So who is the stupid one?

In March, the non-partisan Congressional Budget Office (CBO) warned, “President Barack Obama’s budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush’s presidency.” That warning is already coming true. While Congress was debating ObamaCare, a new Big Government program expected to cost $1 trillion, the announcement came last week that the United States posted a record annual deficit of $1.4 trillion. To give you some perspective, the previous record deficit, recorded last year, was a “mere” $459 billion.

But, if things don’t change quickly in Washington, one budget analyst warns that it could get a lot worse than the CBO suggests. Brian M. Riedl of the Heritage Foundation says, “The White House figures are based on unrealistic estimates of discretionary spending, interest payments and interest rates.” According to Riedl, a more realistic analysis produces deficits “$4 trillion higher than recent estimates by the Obama administration and the Congressional Budget Office.” And if spending goes unchecked by future Congresses, the budget deficit could reach $2 trillion a year by 2019.

That kind of outrageous spending is unsustainable and will bankrupt America. But it helps to explain why liberal politicians are proposing a massive new energy tax, a value added tax, new surtaxes and excise taxes and more.