Sunday, February 22, 2009

Happiness is a Low Benchmark

President Obama announced his intention to cut the deficit in half by the end of his four-year term. Of course, given the significant increase in the deficit this year an next, that only means getting back to a deficit of $600B/year. And with a decreasing GDP, this is an even larger percentage of GDP than it would have been in 2007.

No comments:

Post a Comment