August 2, 2012

Exploding Debt

“The Congressional Budget Office said Friday that President Barack Obama’s tax and spending policies will yield $6.4 trillion in deficits over the next decade, more than double the shortfall in CBO’s own fiscal baseline — even after taking credit for reduced war costs.”

Comment: The CBO report and Politico’s coverage of it reveal the true cost of both Obama’s policies and the unwillingness of Congress to deal truthfully with our escalating debt, the financial burden that accompanies “entitlement” programs, and their serial inability to restrain spending.

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