Obama's Cynical Budget (Local‪)‬

FIVE DAYS before his inauguration, Barack Obama told The Washington Post that entitlement reform could no longer be kicked down the road. He then spent the next two years kicking -- racking up $3 trillion in new debt along the way -- on the grounds that massive temporary deficit spending was necessary to prevent another Great Depression. To prove his bona fides, he later appointed a deficit reduction commission. It made its report last December, when the economy was well past recession, solemnly declaring that "the era of debt denial is over."