No, there hasn’t been any progress in reducing our long-term debt or our unfunded liabilities in entitlements. But when the GOP refuses to countenance any new revenues, I can’t blame the president. And to have reduced a budget deficit from 10 percent of GDP to just over 2 percent in the wake of a massive recession is something a Republican president would be bragging incessantly about.
Andrew Sullivan may be a little more bullish on the Obama presidency than I am. At some point, his PR miscues become actual miscues. But he raises a few things worth considering here.
The Simpsons once joked about things being “solved” once they disappeared from media scrutiny. In the case of Obama issues, that seems to be true.