Thursday, January 24, 2013

Obama and fiscal responsibility

“But I am absolutely committed to fiscal responsibility, which is why I’ve already proposed freezing all discretionary spending unrelated to national security for the next three years. And once the bipartisan fiscal commission finishes its work, I’ll spend the next year making the tough choices necessary to further reduce our deficit and lower our debt — whether I get help from the other side or not.” (President Barack Obama at Cuyahoga Community College, Parma, OH, 9/8/10)

1952-2012: U.S. Government Debt vs. Household Debt

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