It is not a good sign when even the words politicians use to dodge issues are not merely cloudy, but deceptive. Both the President and those who have been responding to his State of the Union address have adopted the language of “tough choices” facing the nation.
These impending “tough choices” will only become more prominent as the news sinks in that the federal deficit is now projected to be even higher next year than previously thought. The Congressional Budget Office, yesterday, announced that with the lame duck session of Congress’s agreement to extend all the Bush tax cuts, the federal deficit this year is projected to be a whopping $1.5 trillion. That’s a big chunk of change.