Forbes: The Non-Existent Era of Austerity

June 03, 2014

By Tim Phillips

When President Obama unveiled his $3.9 trillion 2015 budget earlier this year, it was heralded as an end to the “painful austerity” that has apparently gripped America for the past few years. According to this narrative, Washington has been a model of fiscal discipline over the past five years and its record spending is only a fraction of what it should be.

The President deserves the Pulitzer Prize for fiction.

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