The day the Congressional Budget Office forecast that the United States is headed for its fourth straight year with a $1 trillion-plus budget deficit, President Obama touted the benefits of big government spending.
Tales from the Trail
President Barack Obama set a goal of reducing the U.S. deficit by $4 trillion within 12 years or less, in a speech outlining his plan to tackle the country’s massive debt problem. House Budget Committee Chairman Paul Ryan has laid out a dramatically different vision of a future debt-free America. Here’s a snapshot of how they compare. Add your views in the comments.
Budget beauty is clearly in the eye of the beholder.
Republican Senator Jeff Sessions took a look at President Barack Obama’s bloated, spend-your-way-out-of-a-recession blueprint for 2012, with its $1.65 trillion deficit, and declared himself appalled.
While the ads are humorous, the subject is serious.
Fictional presidential candidate Hugh Jidette (pronounced huge debt) will soon be making a pitch for more U.S. debt held by foreign countries in television ads that will be appearing across the country.
Newly minted Republican deficit commissioner Alan Simpson has a message for Americans: if you don’t want your grandkids picking grit with the chickens, better ignore soundbite politics and get lawmakers to find real solutions to the deficit.