Are the deficits forever?

posted by
January 9, 2011
The American Conservative
by Patrick J. Buchanan  
Posted in Commentary

"To bring the budget even close to balance in half a decade means cutting projected spending for Medicaid, Medicare and Social Security. But any changes here have to be agreed to by Harry Reid’s Senate, and then by Barack Obama, who has a veto that the House Republicans have not a prayer of overriding. And as Obama showed at year’s end when he agreed to a two-year extension of George W. Bush’s tax cuts in return for payroll tax cuts of his own and new unemployment benefits, the White House will exact a high price for Obama’s signature." (01/07/11)  

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