Obama White House Whispers, “Deficit 20 Percent Lower!!”

In another example of Democratic wimpiness, Obama whiffed on the Republican campaign topic of deficits. They can’t be serious?

“The federal budget deficit will run 20 percent lower than expected this year.”

That’s big. According to the OMB, the expected shortfall of $1.645 trillion is now just $1.316 trillion. And that’s despite the continuation of the Bush tax cuts and roll out of the Affordable Care Act.

What I don’t get is the logic of making cuts when the economy is at an all-time low point. You would think a reasonable time to get your house in order, and curb spending, is when the economy is back to normal.