Federal Deficit: Did Someone Forget How Budgets Work? — It’s Spending AND Revenue

I know there is a line of thinking out there that posits once a president takes office, everything that happens within the federal government is under his control. This line of thinking was no less false when Bush was president then it is now when Obama is president. It’s not about blame, it’s about facts, and when it comes to the federal budget, and more specifically the year-after-year trillion-dollar plus deficits, it seems people need a few lessons.

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