Famous Last Words

Geithner says Obama will bring down deficits – Yahoo Finance.

The article above is an example of politicians setting expectations, and creating an environment with the opportunity to fail–that is win the next election.  However, the Obama Administration has been long short on explaining how they will cut the deficit. One report suggested their sights are set on 3% of GDP, from the latest estimates of 12.5% of GDP.  Good Luck. Continue reading “Famous Last Words”