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January 22, 2013

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Harry J

http://delong.typepad.com/sdj/2013/01/no-we-dont-really-need-any-more-deficit-reduction-until-2020.html

after the recent fiscal cliff agreement federal debt is expected to be stable until about 2020. after that (and making fiscal projections over a decade into the future is pretty much guesswork) it might increase again due to rising healthcare costs. so i think banging on about tough choices and public service reform like a good blairite is largely unnecessary right now. focus on winning the argument for liberalism and leave the eventual aging population crisis, if it even happens, to president santorum (or whoever's in charge in 2020).

Ian Leslie

Yup, leave it to the next generation. I feel the same way about global warming.

"i think banging on about tough choices and public service reform like a good blairite is largely unnecessary right now." Ha ha.

Charles

Well, I take exception to the idea that Clinton's statement that "the era of Big Government is over" is brave. In fact, it was craven - an example of his "triangulation," or capitulating to the right, as with his welfare reforms and signing of the Financial Services Modernization Act that eventually brought on the country's financial collapse. Only the right complained about Big Government, and only the right gained from his dismantling of important parts of the safety net.

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