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President Obama's Deficit Problem

Petrus64 Wrote: Jan 20, 2013 8:50 PM
$85 Billion a month from thin air to prop things up... The Printing of Money from thin air. The Ben Bernanke said he would continue to do so until Unemployment gets under 6%. That won't really happen with Obamanomics. Too many handouts encourage a very high structural unemployment. So... QE to Infinity and Beyond?
Republicans are reportedly ready to vote to hike the debt ceiling without any of the major deficit-related concessions they've been pushing for from Democrats, and budget-watchers will soon turn their attention to the looming sequestration spending cuts (from the Budget Control Act, or BCA) scheculed to take place on March 1 and the expiration of the continuing resolution budget that the federal government has been operating on, scheduled to take place March 28.

Progressives, however, have been declaring the deficit problem "mostly solved." A report from the left-leaning Center on Budget and Policy Priorities found that, including all...