Steve, I'm in a harsh mood today (and not because Korea lost to Japan, I swear), so I hope you'll forgive me for the tone I'm about to display:
> You can start with Obama's switch to more honest accounting.
Really? Obama was for earmarks before he was against them, and that's "honest accounting"?
By the way, I don't see any evidence that Bush kept items "off-budget" to reduce the apparent size of the deficit. How is that even possible? Sounds like another kooky conspiracy theory from left-wing bloggers.
> The deception of counting the SS surpluses as revenue will work itself out: As the baby boomers retire, SS will no longer be running a surplus. I think that happens in about 10 years.
Nice try. Obama seeks to lift the FICA cap on all income above $250K, which essentially will be the single largest tax hike on the "rich" in modern history. That will ensure that the so-called SS "surpluses" keep on coming in.
Once again, it's the same old tale of passing the buck.
> It took 8 years for Clinton to get the budget in order, to the point where Bush thought he was inheriting surpluses as far as the eye could see.
The dot-com bubble already started to collapse before the hanging chads were even counted in Florida. If surpluses were visible "as far as the eye could see," then apparently the eye could only see a few months ahead.
> It will take time, a return to growth, and economic grownups who don't think tax cuts are the solution to every problem, but we can and will get back to fiscal sanity.
There is no sanity when Obama is already growing government by leaps and bounds, thinking that's not going to be a huge drag on any future economic recovery. Might as well just nationalize everything.
Tenchusatsu |
