September 15, 2014

Obama's Plan: Deficits Now, Budget Discipline Later

February 2, 2010
NPR (Morning Edition)

Excerpt

But chief economist Diane Lim Rogers of the fiscal watchdog Concord Coalition, says by making that choice, the president can no longer blame that portion of the deficit on his predecessor.

Ms. DIANE LIM ROGERS (Chief Economist, Concord Coalition): If President Obama did nothing, if Congress did nothing, all of the Bush tax cuts that were passed in 2001 and 2003 would expire at the end of this calendar year. And we would get our budget deficit back down to two-and-a-half to three percent of GDP within five years, which is what the president actually says as his goal.