Obama’s Deficit Charade
By Terence P. Jeffrey

President Obama posed as a fiscal conservative Monday when he hosted a “fiscal responsibility summit.” Close inspection reveals that what he is actually proposing, however, is a massive increase in government debt—thus raising the already unsustainable burden of government that is certain to fall on our children unless the welfare state is somehow curtailed. The truth is this: Our federal government has been wading ever deeper into red ink for a full half-century, and President Obama is now planning to wade deeper and faster than any president who has gone before him.