People Are Losing Their Homes and Their Jobs, But They Are Really Mad About the Deficit

That's effectively what the Washington Post told readers in another front page editorial highlighting the need for deficit reduction. The article said:

"But by suggesting the deficit may have peaked, administration officials are taking a political gamble. If the favorable number does not hold up in coming months and the budget shortfall surpasses the $1.4 trillion recorded last year, voters in the November midterm elections could punish the Democrats for offering false hope."

That's a great story. Is it plausible that even 1 percent of voters are going to have any clue as to whether this year's deficit is marginally higher or marginally lower than last year's deficit? Is there any reason that anyone should care? Is there any evidence that this will influence their vote in an environment where they are concerned about their jobs and their homes?

In the Post's dreams maybe, but not on this planet.

--Dean Baker

Comments

Well, in fact, Obama has recently introduced his new plan meant to assist millions of homeowners in restructuration of their mortgages according to extremely low rates noticed nowadays. However, this project is far from being the first in a series of programs designed to revive the nation’s crisis in the housing market. And what is more, Obama’s campaign has already drove hundreds of millions of dollars in online donations. Source of the article:
http://cashadvancesus.com/obama-new-refinancing-project/

You need to be logged in to comment.
(If there's one thing we know about comment trolls, it's that they're lazy)

Connect
, after login or registration your account will be connected.