Decrying "a decade of deficits" on Monday, President Obama declared that "my budget lays out a path for how we can pay down these debts." Senior Editor Jacob Sullum says it is hard to see how that can be true, since Obama's plan would add $6.7 trillion to the national debt during the next decade. The president thus begins his fourth year in office the way he began his first, Sullum writes: preaching prudence while practicing profligacy.
GET REASON MAGAZINE
Get Reason's print or digital edition before it’s posted online
- Peter Suderman: Obamacare's 12 false premises and broken promises. Plus: The long, tortured quest for a conservative health policy.
- Consumers should drive medicine
- Jacob Sullum: Prosecutors disarm defendants by freezing their assets
- Ronald Bailey: The Aloha State’s dishonest anti-biotech campaign