Speaking last month at a Town Hall event in Binghamton,
N.Y., President Obama said this: “We don't have an urgent
deficit crisis. The only crisis we have is the one that is manufactured in
Washington and it's ideological and the basic notion is that we shouldn't be
helping people get health care and we shouldn't be helping kids who can't help
themselves and whose parents are under resourced, we shouldn't be helping them
get a leg up.”…… But on closer inspection, there is something in Obama’s words
that ought to worry every American, regardless of party, ideology, economic
status or ethnicity. Consider Obama’s claim that “we don’t have an urgent
deficit crisis.” As blogger Doug Ross recently pointed out, that assertion
likely stunned accounting and financial management experts at the Government
Accountability Office and the Congressional Budget Office.…..To Read More……
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