Chop chop
Our weekly podcast, After the Bell, is now available. This week, the White House said its goal is to cut the deficit in half by the end of Obama’s first term.
Is that possible? Scott talks to Diane Lim Rogers.
Diane is well known to the web as the woman behind the popular blog EconomistMom. And by day she’s chief economist at the Concord Coalition, a non-profit, non-partisan group that lobbies for fiscal responsibility by government. They also talk about the need for honesty with the American people.
Music includes Wilco, Blackfoot and Billy Joel. If you’d like After the Bell to download automatically each Friday, click here.
- Nov 6, 2009 1:31 PM — Paddy Hirsch
- 1 comments
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Comments (1)
November 9, 2009 7:26 AM PT
It’s possible but it’s partly because of a trickery of numbers.
First, Obama has declared the Iraq war on-budget, unlike his predecessor.
Second, over the last year there were a bunch of one-time stimulus bills that will be going away.
So, if by the end of his term he can scale back Iraq substantially and phase out the stimulus packages, then it’s possible to cut the deficit in half because we’re in the middle of a spike at the moment.