The Unsurprisingly Shrinkng Deficit
By If most of the political agitation about “the deficit” was about the deficit, this would change the course of the political debate. Alas, a majority of political agitation about “the deficit” is produced by people solely interested in a pretext to dismantle the welfare state. So while the deficit may be shrinking, the danger posed decent pensions is still out there and we can’t let it turn into a mushroom cloud.