The U.S. budget deficit exploded in fiscal year 2009, ultimately reaching $1.4 trillion under President George W. Bush. The incoming Obama administration struggled to contain the economic fallout from the financial crisis. Most of that deficit was created under Bush's watch, but Obama and the ...
President Barack Obama and the Democratic leadership in Congress are not manageable. According to the author, the total accumulation of debt during all prior presidents would be exceeded by the deficits under the Obama administration. He agrees though that the present administration has inherited an ...