FastSaying

What's going on with short-term deficit is minor compared to the problem that is looming. But if they're ignoring the big problem, it's not surprising they're ignoring the near-term issues.

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Compared with the slowdown at the start of the year, these numbers look a little healthier. In the short term, the numbers don't help the case for rate cuts.
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They can continue to pump away and ring the cash register, ignoring the looming Q2 supply/demand surplus just like everyone else.
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I think it's very important not to confuse the importance of dealing with Social Security in the long term with these short-term deficit reduction challenges. They're different issues.
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The long term versus the short term argument is one used by losers.
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