Remember
President Obama's New Era of Responsibility? It got off to an
inauspicious start, with a $787 billion economic stimulus package,
a $410 billion appropriations bill, and a record $1.8 trillion
budget deficit. But now Obama wants to signal that he's getting
serious about cutting the federal budget. Unfortunately, writes
Senior Editor Jacob Sullum, his plan hinges on the assumption that
Americans do not know how to calculate percentages.
Reason Magazine
New at Reason: Jacob Sullum on Obama's Fiscal Irresponsibility
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