Dumping his fiscal mess (and the Obamacare debt) on the next President
If there were any doubts that President Obama has moved beyond trying to tackle the $18 trillion national debt, his State of the Union address should put them to rest: He’s over it.
But the failure to mention the issue, which still weighs heavily over the country’s long-term fiscal outlook despite shrinking deficits, did not go unnoticed by fiscal watchdogs.
Maya MacGuineas, head of the Campaign to Fix the Debt, said in a statement that while his focus on economic growth was important, “his failure to level with the American people about our serious long-term fiscal challenges was disappointing.”
She acknowledged deficits have fallen – from consistently over $1 trillion every year – to their lowest levels of the Obama administration.
“But they are projected to rise again next year and exceed $1 trillion annually within a decade,” she said. “Meanwhile, debt levels are the highest they have ever been other than around World War II, and without a serious course correction they will only continue to rise over the long run.”Follow enlightenedlbrl