World-News

Christian Science Monitor
by US Rep. Jim Cooper (D-TN)

02/18/09

Few Americans have any idea how bad the financial problems are that President Obama inherited from the Bush administration. Never mind the housing bubble, the bank meltdown, or the bailout scandals — I am talking about the failure of federal government to honestly account either for its own actions or for America’s most important programs: Medicare, Social Security, and Medicaid. George W. Bush took office after three years of budget surpluses under President Bill Clinton. Eight years later, Obama walked into the Oval Office to find … almost $11 trillion in Treasury debt, and deficits of more than $1 trillion a year for the foreseeable future...

https://www.csmonitor.com/2009/0218/p09s02-coop.html


Informant: Thomas L. Knapp



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