Barack Obama’s Louis XV Budget
Balanced
0 Total Slants
Slant this
Slant Totals
0 Left 0 Centered 0 RightFive days before his inauguration, President-elect Barack Obama told the Washington Post that entitlement reform could no longer be kicked down the road. He then spent the next two years kicking — racking up $3 trillion in new debt along the way — on the grounds that massive temporary deficit spending was necessary to prevent another Great Depression. To prove his bona fides, he later appointed a deficit-reduction commission. It made its report last December, when the economy was ...