“In the Tea Party narrative, president Obama is a reckless socialist spending America into oblivion. In reality, the president has governed like an old-school Republican. Despite having taken heroic measures to rescue the economy in 2009, Obama has presided over the slowest expansion of federal spending since Eisenhower – and repeatedly offered to help Republicans slash the social safety net as part of a grand bargain that would restore the nation to fiscal balance. “Thanks to a rebounding tax base and the nearly $1 trillion in budget cuts that both parties agreed to in the first phase of the debt-ceiling deal, the deficit, entering 2013, was shrinking at a faster clip than at any time since the peace dividend after WWII. Federal outlays on both guns and butter were on a path to hit postwar lows as a percentage of gross domestic product by the end of Obamas second term.” rollingstone/politics/news/the-gops-real-agenda-20130313
Posted on: Tue, 30 Sep 2014 02:03:28 +0000
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