As the Western world’s leaders pledged to wean themselves from government stimulus programs this past weekend, President Barack Obama continued to call for expanded spending, claiming the economy cannot recover without it.
While there was an agreement among developed nations at the Group of 20 summit to halve their annual deficits within three years, Obama continued his expansionist call for spending. Yet his solutions for the economy are mired in spending money we don’t have — running up the nation’s credit card.
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