September 08, 2004
The CBO projections don't make Brad DeLong happy
Posted by
Mark Kleiman
Halving the deficit in 5 years was a miserable, puny, girlie-man goal. Yet the Bush admininstration can't even meet this goal, according to the CBO's projections.
The worst part, however, is that the CBO's projections of the deficit are certainly far too low.
Brad also points out that the CBO picture has been getting steadily darker since January 2003.
That's the wonderful thing about our President, who can't remember from one day to the next whether or not he thinks America can win the war on terror: he sets himself low standards, and then fails to meet them.
