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Article: 'We all should worry' about the nation's increasing deficit
- Article from:
- SouthtownStar (Chicago, IL)
- Article date:
- December 14, 2008
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Copyright informationCopyright, 2008, SouthtownStar (Chicago, IL). All rights reserved. REPRODUCTION PROHIBITED. (Hide copyright information)
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President-elect Barack Obama says don't worry about the federal budget deficit. "The consensus is this: We have to do whatever it takes to get this economy moving again - we're going to have to spend money now to stimulate the economy. ... (W)e shouldn't worry about the deficit next year or even the year after; that short term, the most important thing is that we avoid a deepening recession." It must be music to a politician's ears when a "consensus" tells him not to worry about deficits. He can spend without limit. So Obama talks about a "stimulus package" that he says will rebuild the infrastructure and "green" the energy industry. That won't happen, of course. Government performance ...
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