The Operative: “It’s worse than you know.”
Captain Mal Reynolds: “It usually is.”
Firefly/Serenity is infinitely quotable, and fans of the series/movies will recognize that bit of dialog from the scene where they’re discussing Professor Ditherton Wiggleroom’s spending problem:
President Obama’s budget adds $6.6 trillion in deficits over the next 10 years, the non-partisan Congressional Budget Office (CBO) said Thursday.
That estimate is significantly worse than the $4.9 trillion in deficits predicted by the White House. The CBO used its own less rosy estimates of the economy to complete the analysis.
The CBO said by 2024, the deficit would be $746 billion, or 2.8 percent of the economy.
The Office of Management and Budget had said by 2024, the deficit would fall to $434 billion or 1.6 percent of the economy under the budget. In 2013, the deficit was 4.1 percent of the economy.
Good luck getting even to the CBO’s less-rosy numbers. When the debt is growing faster than the economy during the recovery, then what’s going to happen during the inevitable downturn? We’re buying what little growth we have, with trillions in the Fed’s
Bernanke Yellen Bucks, and trillions more in deficit spending. That’s the very definition of unsustainable.