March 11, 2013 at 14:44 PM EDT
From the white house…
My only question remains, ignorant or subversive? Obama to seek ‘fiscally sustainable path,’ not balanced budget White house press secretary Jay Carney said: “And that is the president’s goal: Deficit reduction large enough to put our economy on a fiscally sustainable path so that the ratio of debt-to-GDP is below 3 percent for a period [...]

My only question remains, ignorant or subversive?

Obama to seek ‘fiscally sustainable path,’ not balanced budget

White house press secretary Jay Carney said: “And that is the president’s goal: Deficit reduction large enough to put our economy on a fiscally sustainable path so that the ratio of debt-to-GDP is below 3 percent for a period of time that would allow concurrently, through investments and other policy decisions, allow the economy to grow.”

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>   There is no way this is “sustainable” with a current account deficit in excess of 3% of GDP.
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