Giving Credit (or Blame) Where Credit (or Blame) is Due...
by: Les Carpenter Rational Nation USA Liberty -vs- Tyranny The outlook for our nation with respect to deficits is not good. Right up front I will acknowledge that former President Bush and his administration is responsibility for really starting the ball rolling towards the fiscal abyss. I'll even go so far to say Obama inherited a messy situation that all rationally thinking individuals realized would require time to clean up. Three years and one month later things have only marginally improved with respect to deficits. In fact while deficits are projected to decline slightly through 2014 the CBO in its report projects deficits to begin increasing again in 2015 with a 10 trillion increase in the national debt over ten years. These projections are based President Obama's 10 year budget forecast. From Investors Insight . In the spirit of fairness, I should point out that the national debt increased $4.9 trillion during the eight years that President George W. Bush (43)...