Democrats and the deficit

NY Times:

The nation’s fiscal outlook is even bleaker than the government forecast earlier this year because the recession turned out to be deeper than widely expected, the budget offices of the White House and Congress agreed in separate updates on Tuesday.

I find much irony in this. For eight years the economy was much better than the Democrats projected and when they finally get control of the government it is much worse than the projected. Go figure.

Conservatives used to joke about economic indicators being so much better than predicted that Krugman would be kicking his cat. It looks like the cat is still at risk.


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