May 9, 2013
THE SURPLUS WAS INEVITABLE...:
The 2015 Budget Surplus Scenario (Reihan Salam, May 8, 2013, National Review)
James Pethokoukis cites a new report from Potomac Research to suggest that there is at least a slim chance that the U.S. federal government will achieve a budget surplus by fiscal year 2015. Pethokoukis makes the most important political points -- a surplus will make it difficult for the Obama administration to make the case for further tax increases, yet it will also undermine the case for entitlement reform. But to be cynical and political for a moment, a surplus would be even worse news for the Republican Party.
...to get credit for it all they had to do was accept a grand bargain with the UR. The contents made no material difference.
Posted by Orrin Judd at May 9, 2013 6:13 PM
Tweet