Michael,
We can't balance the budget in 7 years, then a week later, "we can't balance the budget in 8 years, then two days later, "we can't balance the budget in 9 years, then a week or so later, "we can't balance the budget in 10 years without "starving children, making the elderly eat dog food, and so forth.
In 1992, even Ross Perot did not believe that the budget could be balanced in less than 20 years. The Bush administration was forecasting increasing deficits up to $500 billion. By 1995, the situation had improved quite a bit (due to the 1993 DRA) but nobody, (and I mean nobody), on either side of the aisle had any idea that the economy would grow as fast as it did and wipe out the deficit in three years.
Reagan promised a balanced budget by 1984, and instead quadrupled the deficit.
Scumbria |
