Deficit Woes

. . . are worse than you think. And you probably think they're pretty bad, if you read this column. In yesterday's WSJ, Lawrence Lindsey makes the case:

• Interest on the national debt will get worse when interest rates inevitably rise.
• Future growth is over-estimated in all budget estimates. 4% in 2012? Really? Maybe if Obama declares he's not running for re-election.
  
• Obamacare costs have been underestimated. How many times can I say really?
• Tax increases won't produce more revenue.

The whole article is worth a read, but we need drastic action now. We'll see if Boehner plays his hand well.