“Another manifestation of irresponsibility is the large budget deficits we are inheriting," wrote President Barack Obama in last year's budget message for fiscal year 2010. "These deficits, over time, will harm economic growth and impose burdens on our children and grandchildren." Given Obama's firm grasp of the consequences, you would have thought that the president would have cut government spending to try and reduce the deficit. Sadly, writes Veronique de Rugy, you'd be wrong.
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