Foundation for Economic Education
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Confidence in Obama Budget Lacking
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“President Obama’s $3.55-trillion budget has stumbled into a series of economic and political pitfalls that threaten to undercut his grandest ambitions. The chairman of the Senate Budget Committee on Thursday projected deficits far higher than the Obama administration had calculated, possibly as much as $1.6 trillion higher over the next 10 years. The nonpartisan Congressional Budget Office is expected to issue a similar assessment today.” (Los Angeles Times [1], Friday)
His ambitions, our lives and fortunes.
FEE Timely Classic
“The Politics of Deficit Spending” [2] by Hans F. Sennholz
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/confidence-obama-budget-lacking/
URLs in this post:
[1] Los Angeles Times: http://www.latimes.com/news/nationworld/nation/la-na-obama-budget20-2009mar20,0,1486768.story
[2] “The Politics of Deficit Spending”: http://www.thefreemanonline.org/columns/the-politics-of-deficit-spending/
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