Federal Spending: It's a good thing President Obama isn't in the private sector. If he was, the budget he just put forward for the next 10 years just might get him indicted for fraud.
Of all the promises the president made during the 2008 presidential campaign and last year's budget debates, none rings so hollow now as the pledge of "fiscal responsibility."
As a recent nonpartisan analysis by the Congressional Budget Office shows, our current budget path is, to use the euphemism du jour, unsustainable. It will leave a nearly insurmountable mountain of debt and spending to future generations.
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