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.