President Obama’s agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying. …[and] Mr. Obama does not have a realistic plan for eliminating the deficit, despite what his advisers have suggested. Full Story »
Posted by Joey Baker
Quotes from experts are good. One-sidedness is not. There are no quotes from a supporter of Obama's plans, and no defense offered. This is a solid opinion piece, but doesn't belong in the Business section.
“Things will get worse gradually,” Mr. Auerbach predicts, “unless they get worse quickly.” Either a solution will be put off, or foreign lenders, spooked by the rising debt, will send interest rates higher and create a crisis.
The article is likely right. Obama, by not trying to fix the budget (or at least only making perfunctory attempts) is making matter worse.