The momentum being sucked away from the budget debate
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| The nation’s most unlikely, yet stalwart, fiscal hero |
by Peter Coyne.
“Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.”
– Mark Twain
Enter
last Friday’s Washington Post commentary:
“After two years of harrowing confrontations in Washington, the national debt is no longer growing out of control and policymakers from President Obama to House Speaker John A. Boehner have rushed to take credit…”
Did the
debt shrink? Have changes been made to the structural deficit built into the
nation’s fiscal plan?
Ha! Of
course not.
One estimate from Professor Laurence Kotlikoff, an economist at Boston
University, takes account of all the projected unfunded liabilities and
interest payments and puts the U.S. debt at $222 trillion.
It’s a laughable figure. Unimaginable, even.
“The deficit is getting better,” explains I.O.U.S.A. protagonist Robert Bixby tried to explain to the Post on
Friday [our cynical ears can hear him snickering over a can of Tab], “but it’s
not a result of any hard choices Congress made. They all want to get on the
aircraft carrier, like George Bush with his ‘Mission Accomplished’ banners.”


















