Obama's Budget Attacked
By Arnold Kling
we will still face unsustainable medium- and long-term deficits.
Let us explain this word “unsustainable.” For me personally, an unsustainable budget would be if I promised to buy my kids mansions in Paris, Tokyo, and London. I cannot keep those promises, hence they are not “sustainable.” They are lies. When this blogger uses the word “unsustainable,” that is his way of calling Baloney Sandwich on the President’s Budget.
This alternative, like it or not, is sustainable. In a better world, the discussion would be limited to sustainable budgets. Discussing anything else is like my family discussing buying mansions for the kids. It’s delusional.