Obama’s Legacy: $20 Trillion in Deficits

Paul Roderick Gregory, Forbes
The fiscal-cliff negotiations have deteriorated into an embarrassing travesty of competing press conferences, off-the-record remarks, closed meetings, and sound bites. The Republican side is frustrated and flabbergasted by the absence of  a concrete proposal from the President  that can be scored by the Congressional Budget Office and then “marked up” by Congress according to standard procedures.  Vague offers of so and so many trillions of revenue increases and spending cuts spread over a decade are just words, not real proposals.The last…

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