The “Fiscal Responsibility” Trap

Written by Wendy

After Republicans smashed Democrats in the 2010 midterm elections, taking the House of Representatives after four years in the minority, a chastened Barack Obama used his 2011 State of the Union to reach out to the GOP on what appeared to be the party’s major concern. “We are living with a legacy of deficit spending that began almost a decade ago. Now that the worst of the recession is over, we have to confront the fact that our government spends more than it takes in. That is not sustainable,” said Obama, concluding with a nod to conservative rhetoric. “Every day, families sacrifice to live within their means. They deserve a government that does the same.”


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