Fuzzy Fiscal Restraint

From Stephen Slivinski, director of budget studies at the Cato Institute:

The White House staff is reportedly fond of saying that part of the reason they are effective politically is that observers often "misunderestimate" the president. The president's famous malapropism (actually, it came from the mouth of a Saturday Night Live comic playing Bush) is a good descriptor of how the Bush team is able to claim the new estimate of the size of the deficit is good news.