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IPFS News Link • Obama Administration

Obama's Economists to Intoxicated with Being Near the Seat of Power?

There is no school of economics (classical, Austrian, Keynesian, etc.) that says deficits of this magnitude for a decade or longer will not result in great economic hardship or worse. Greece, here we come. The operative question is, why would the president sign off on such a budget without presenting some plan to get the United States out of the mess - and where are his economists?