What, Me Worry?

clipped from hotair.com MR. ORSZAG: Well, let me answer that second question first. Again, I don’t know what spiraling debt you’re referring to, but we’re inheriting a budget situation that is a mess, and that we’re working our way out of. And under both budget resolutions, the deficit is reduced in half — by more than half by 2013, and actually then is either stable or declining between 2013 and 2014. So I guess I just — I take issue with the conjecture that we’re — you know, there’s spiraling debt here. One has to bear in mind that Orszag was the man who presciently set the odds of a Fannie Mae/Freddie Mac failure at 3,000,000 to 1, and that such a failure would only cost the government $2 million.  That cutting analysis came at the behest of … Freddie Mac.  While at the CBO, Orszag also helpfully corroborated the claims from the controlling party of Congress — Democrats — that Social Security would have surpluses for the next eleven years.  Eight months later, the surpluses have disappeared.