So I had just started a new article on President Obama's talk of cutting the deficits, noting that I'm not so sure that President Obama will be as successful as he hopes. (See that article here).
Almost as quickly as I had posted those thoughts, some other, related news shows up that starts to point out another potential problem in getting the deficit cut as promised. See for example the article found at the headline linked below.
President Barack Obama's ambitious goal of cutting the federal deficit in half relies on a perfect - some might say improbable - convergence of factors: a recovered economy, a tax boost for the rich and success in easing foreign entanglements.
In calling for a deficit of about $530 billion in four years, Obama has established a marker by which to measure his first-term performance as president. The dollar figure could be his albatross or his badge of success.
"This will not be easy," Obama said Monday as he kicked off a fiscal summit at the White House. "It will require us to make difficult decisions and face challenges we've long neglected."
... more at linked article
Read through that article and perhaps it will enlighten you all the more on just how difficult this will be for President Obama. It certainly doesn't get any easier if the revenue projections that are used are based on overly optimistic numbers. I'm sure that we'll be told that the most conservative of numbers have been used, but the truth will likely be that even those numbers (whatever they may be, and whomever may have generated them) will assume that the world economy will have completely recovered, that the stimulus program will have worked completely, etc.
