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December 21, 2005
Impeach Treasury Secretary John Snow
Yes. I know that blatant mendacious stupidity is not an impeachable offense. But in this case I'm willing to make an exception. Kevin Drum writes:
The Washington Monthly : BLACK IS WHITE, UP IS DOWN....Via the Carpetbagger, Treasury Secretary John Snow explains why a president who has vastly increased the federal deficit is more fiscally responsible than a president who vastly reduced it:
Sipping a latte at a Starbucks coffee shop with reporters in Washington two days ago, he said that "the president's legacy will be one of having significantly reduced the deficit in his time," and said Clinton's budget was a "mirage" and "wasn't a real surplus."
Snow said the Clinton surplus was inflated by a stock-price bubble and that Bush will be remembered for cutting the gap from a record $412 billion in the 2004 fiscal year.
You can't make this stuff up. Consensus reality just doesn't exist for these guys anymore.
OK now: Bob Kimmitt, Mark Warshawsky, anybody else in the Bush Treasury who wants to retain ties to the reality-based community, or to avoid losing their own reputations to the Clown Show--now is time to start thinking about whether you want to bail out.
Posted by DeLong at December 21, 2005 05:21 PM