At his press conference this week, President Obama made it seem as though the job of getting the government's deficits under control is nearly done.
"The consensus is we need about $4 trillion to stabilize our debt and our deficit," he told reporters, "which means we need about $1.5 trillion more." [snip]
But a closer look at the numbers shows that Obama is exaggerating how much deficit reduction he's actually achieved, and is being decidedly Pollyannaish about the nation's still massive long-term budget gap and what will be needed to close it.
(Excerpt) Read more at news.investors.com ...
