Friday, February 17, 2012

AEI Touts the End of the Deficit Problem | CEPR Blog

Dean Baker concludes:

It was always health care costs that drove the scary budget scenarios that Peter Peterson and the deficit hawk gang loved to tout. If we are now living in a world where health care spending grows at pretty much the same rate as the overall economy, there will no longer be a deficit tsunami in the long-term budget projections that can be used to justify cuts in Social Security, Medicare and other important programs. If Keinke is right we can look forward to lots of unemployed deficit hawks in the near future.

We should be so lucky, huh?

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