American Samizdat

Friday, February 07, 2003. *
"Is the Maestro a Hack?" by the inimitable Paul Krugman: The administration has used gimmicks to postpone most of the cost of these tax cuts until after 2008 — and whaddya know, the Office of Management and Budget has suddenly stopped talking about 10-year projections and now officially looks only five years ahead. But there are long-term projections tucked away in the back of the budget; they're overoptimistic, but even so they suggest a fiscal disaster once the baby boomers start collecting benefits from Social Security and Medicare. ("We will not pass along our problems to other Congresses, other presidents, other generations," declared Mr. Bush in the State of the Union. And with a straight face, too.)
posted by Joseph Duemer at 4:54 AM
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