CBO: Deficits will drop, thanks to measures that will never take effect « Hot Air

CBO: Deficits will drop, thanks to measures that will never take effect « Hot Air: "The CBO can only score what is in front of them, so their assessment today that budget deficits will decline sharply in the next few years has some rational basis in statutory law. In reality, they may as well be predicting Paul Krugman’s War of the Worlds economics. "

So the meme will be that "Obama's cutting the deficit.". Of course, nobody who relies on the actual deficit level for anything meaningful will buy into it.

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