President Bush, with the help of Congress, ran up gigantic yearly deficits in the the hundreds of billions of dollars. President Obama on the other hand, has managed to dwarf Bush’s record deficits. Despite the good game Obama has been talking the last few days about cutting the deficit and being fiscally [...]
It appears President Obama may be realizing that his deficit is becoming a huge problem. In light of many economists warning of the pending inflation risk and foreign creditors becoming nervous of buying U.S. debt, President Obama is eying a domestic spending freeze. According to the AP,
The Obama administration has alerted domestic [...]
Congressman Spencer Bachus told the Tuscaloosa News that he believes Social Security will be running a deficit within two years.
TUSCALOOSA | Social Security could face a deficit within two years, according to U.S. Rep. Spencer Bachus who met with The Tuscaloosa News editorial board Tuesday.
“The situation is [...]
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