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Once a Critic of Deficits, Obama Now Goes for Broke

Repnextdoor Wrote: Jan 22, 2013 10:12 AM
Well, at leasthe is nolonger considered a communist.
"You don't have to be a deficit hawk to be disturbed by the growing gap between revenues and expenses," said Sen. Barack Obama during a Nov. 3, 2005, debate on the Senate floor. At the time, Obama had been a senator for less than a year and the federal budget deficit was in fact shrinking, from $248 billion in fiscal 2006 to $160 billion in fiscal 2007. Still, Obama seemed deeply concerned about the deficit, and he appeared to believe it when he said the only way to close the shortfalls was to force Congress to pay for what it...