Obama Adviser: Deficit Likely Worse Than Planned (Laura Tyson)

Dow Jones Newswires (subscription) ^ | July 07, 2009 | David Roman and P.R. Venkat

[cranked]

The Barry Administration was a fail from the word ‘go’.

[Kickass Conservative]

>”I’m going low - 1.54 Trillion”<

Ah yes, the eternal Optimist. Remember, it isn't just the ridiculous spending, it's the reduced revenue.

Whatever it is, Obama and the Useful Idiots will blame Bush for it. My Sister In-Law and her Husband already do.

[Beowulf9]

Deficit worse than planned? No wayyyy, dude.

[LuxMaker]

You will believe what we tell you comrade.

This message brought to you from the ministry of truth and education. ;)

[CutePuppy]

Good grief, Laura D’Andrea Tyson; another Clinton retread!

Yep. And she was then the best spokesperson (not policy maker) for the failed Clinton economic policies. Apparently, nobody can lie better with a straight face for current administration, either.

Obama Adviser Says U.S. Should Mull Second Stimulus - BL, July 07, 2009

The U.S. should consider drafting a second stimulus package focusing on infrastructure projects because the $787 billion approved in February was “a bit too small,” said Laura Tyson, an outside adviser to President Barack Obama.

The current plan “will have a positive effect, but the real economy is a sicker patient,” Tyson said in a speech in Singapore today. The package will have a more pronounced impact in the third and fourth quarters, she added, stressing that she was speaking for herself and not the administration.

Tyson’s comments contrast with remarks made two days ago by Vice President Joe Biden and fellow Obama adviser Austan Goolsbee, who said it was premature to discuss crafting another stimulus because the current measures have yet to fully take effect. The government is facing criticism that the first package was rolled out too slowly and failed to stop unemployment from soaring to the highest in almost 26 years.

Obama said last month that a second package isn’t needed yet, though he expects the jobless rate will exceed 10 percent this year. When Obama signed the first stimulus bill in February, his chief economic advisers forecast it would help hold the rate below 8 percent. .....

[dearolddad]

if the government wants to run a surplus all it has to do is print money.

Buy more presses.

They will have to borrow the money to buy more presses.

[dearolddad]

Worse than planned? I guess they weren’t planning hard enough. LOL!

Hold on a moment; Aren't these clowns advertised to be the best and the brightest?

[Sundog]

You have an excellent point.

Perhaps California can issue more scrip to have presses bought and installed in San Francisco to create high-paying jobs.

[GOPJ]

In a similar vein, I myself create 8.5 million jobs mowing the lawn tonight. They don’t show up on paper, but by God, they’re there!

LOL - you, CaspersGh0sts, totally "get" it.

[donmeaker]

What surprised me was the admission, not the plan.

It is obvious his plan is to keep it going, increase it and keep milking...