Tuesday, April 21, 2009

BHO To Peform Financial Magic!

Greg Mankiw, bless his heart, shows us here what we can expect from BHO regarding his promise to cut the deficit in half by the end of his first term.

If BHO keeps this sort of thing up, his first term may be his only term (one can remain optimistic, no?). Are we the people really that dumb?

BHO's words, always eloquent, just don't square with the analysis of the Congressional Budget Office, as shown here

Source CBO

1 comment:

Mike said...

And Obama made a big deal about asking his cabinet to cut $100 million from the budget. They've got a LONG way to go.