Drowning in debt – White House to project $427b deficit - Yes, I know there’s a war on, but that’s why we should have focused recourses on defense and homeland security instead of massively expanding the Medicare system with a prescription drug benefit.

We’re going to halve the deficit? Big deal. As Luskin notes, the CBO is indicating that the Social Security surplus will start to head down in 2012 and the stress on the federal budget will quickly become as serious as a heart attack. Apres 2012, le deluge.