Friday, August 13, 2010

Can't Actually Tie Hands

I think more important than the absurdity of believing strongly in any long term projections is the absurdity of thinking that some long term budget roadmap is going to be passed and then everyone declares victory and goes home for 70 years. We have an obvious example in recent history, when during the Clinton era we got rid of the deficit and then Alan Greenspan said that surpluses were dangerous and Bush passed massive deficit increasing tax cuts.