“Barack Obama Deficit-Slayer”, by Matthew Yglesias, June 22, 2009:
As the economy recovers, tax revenues will rise, social safety net outlays will fall, and stimulus measures will begin to tamp down. If we can assume further growth in 2011, the complete expiry of Recovery Act provisions, and the winding down of the Iraq War, that’ll be further deficit reduction. On the merits, people would still do well to be concerned about the deficit further out when, in the absence of structural reform of the health care sector, Medicare costs will bury us all. But in the short term, things are going to look worse than they really are in 2009 and then look better than they really are in 2010. And of course people vote in the even-numbered years.
My take at the time here.
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“As the economy recovers, tax revenues will rise, social safety net outlays will fall, and stimulus measures will begin to tamp down.”
Which CANNOT happen given the Obamabanana Republic systematic suppression of recovery.
Private investment will not return under the current regime.
Not with the highest corporate tax rates in the world!
Obama – the Quixote of deficit slayers.
Of course, while his agenda is not to ever lower the deficit, he is actually a better windmill slayer than Quixote ever was…he just slays them by bankruptcy instead of jousting them 😉
Obama’s clean green energy businesses are so short-lived, they are no more than elaborate money-laundering.
Why does ENRON come to mind? Evidently, Republicans can do it too.
Enron was…at points and within divisions…very profitable in a good way.
Unlike all Democrat crooks Enron executives are in jail.
Right Corzine?
Enron comes to mind because Obama has been pushing an idea that started at Enron … CO2 cap and trade.
I have an idea. Lets say the Iraq War will go on in perpetuity and then when we end the war we can count those “savings” going forward.
Oh wait … Obama’s already doing that.
Yglesias? Oh, Andrew Sullivan’s mini me! And he will without hesitation push for Obama again, despite that prediction.
He left out “oceans will stop rising” so I dismissed his predictions at the time.
Professor, thank you for your service to our country!
Perhaps, the odd troll who visits here will read this post and pause to question the shameless web of lies echoed by whatever the Journolisters call themselves now.
This post is destined for Twitter fame.
“Perhaps, the odd troll who visits here will read this post and pause to question …”
logos, I gotta pause to blow the coffee out of my nose. 🙂
You been dippin’ into your special “Columbian Blend” this morning?
Lefties pausing to self-reflect? Crap, there goes the coffee again …
I was already laughing LHC. You made it worse.
Kudos to the prescient professor!
That logos is a cheeky tongue-in-cheeky one!
“On the merits, people would still do well to be concerned about the deficit further out when, in the absence of structural reform of the health care sector, Medicare costs will bury us all.”
One of the MANY, MANY admissions…made frequently…by the Collectivists that they KNOW our trajectory CANNOT be sustained.
But they will knee-jerk to “Ryan attack mode” rather than deal honestly in any particle over ways to address the REAL crisis.
Maybe Steyn is right. Maybe we are doomed.
“What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.” – Lord Melbourne
Happy to know that this “damned fool” (me) is in such good company!
The original draft before editing for column-inch restrictions:
As the economy recovers, tax revenues will rise, social safety net outlays and sea levels will fall, and stimulus measures will begin to tamp down. If we can assume further growth and wildly successful green energy development in 2011, the complete expiry of Recovery Act provisions, and the winding down of the Iraq War, that’ll be further deficit reduction.
If in five, ten, twenty, or thirty years we manage to get this mess under control, Barack Obama will take credit for it.
(Yikes, he resembles the alien in “Alien” in the Professor’s picture!)
The people at Think Progress have been smoking stuff, methinks.
Isn’t about time that the folks at Think Progress get about “Making Progress” happen.
The smartest lazy man in an empty room
Cool. This story just got linked to on Ace of Spades.
http://ace.mu.nu/