Deficit Jam

New Republic by Jonathan Chait | May. 26, 2009 (Opinion)

f there's one political blemish on Barack Obama's first four months in office, it's that he's losing the budget debate. Democrats are openly worrying about the red ink. Republicans have taunted Obama as less fiscally responsible than his predecessor. (House Republican John Campbell compared George W. Bush's deficits to a "couple of drinks," and Obama's to "falling down, throwing up and wasted.") The administration's hasty budget-cut announcements (first ... Full Story »

Posted by Derek Hawkins - via New Republic

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Subjects: U.S., Politics, Business, Living
Topics: U.S. Budget, U.S. Congress, Obama Administration, Money
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Posted by: Posted by Derek Hawkins - May 26, 2009 - 1:09 AM PDT
Reviewed by: Tom Pollak (review)
Content Type: Article
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Edited by: Derek Hawkins - May 26, 2009 - 1:09 AM PDT
Related Comments: Obama Administration (3)

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Tom Pollak
4.8
 by Tom Pollak - May. 26, 2009

A more in-depth piece could estimate the range of impacts of Obama's education and health reforms in relation to the overall federal budget--but the article still makes a useful case that the Admin. is being reasonably conservative in its forecasts and that its decisions on major domestic policy issues could reduce the deficit in the long-term.

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