W.H., Dems sound alarm on budget deficit - Washington Times: "The White House is beginning to send strong signals that it recognizes the $1.4 trillion budget deficit is a looming political problem that needs to be addressed, even as President Obama reminds Americans that the country's fiscal crisis originated with the Bush administration and will not be resolved overnight.
The president's budget director, Peter R. Orszag, on Tuesday will deliver the second major speech on the deficit in a week by a top White House official. Mr. Orszag's speech on 'reining in the deficit' will be the first time that a top White House economist will look forward at the difficult task of reducing the gap between government revenues and expenditures.
Anxiety about the deficit has fueled the anger of the conservative 'tea party' activists, riled by government spending and debt, and it has seeded reservations about the long-term price tags of signature items on the president's agenda such as health care reform and climate change legislation."
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