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Jay Ambrose | Time for Obama to get serious about debt





If it’s minor, if it’s petty, if it’s nothing at all to worry about, President Barack Obama is concerned, focused and ready to speak out loud and clear, as on the question of Mitt Romney’s tax returns. We’ve got to have them, going way back and then some, for how, after all, is the nation otherwise going to survive?

The Obama campaign has treated this issue as if it is bigger than just about anything else out there, and the president himself said in a press conference that the hullabaloo was perfectly legit even as he dodges and weaves on something that some of us think maybe matters more: his plans to address the debt.

Obama worked mightily to get us in this $16 trillion fix, producing record trillion-dollar deficits year after year, and now is working just as mightily to avoid specificity on the issue. About the closest he has come to moving beyond vague generalities is his plan to allow the expiration of a Bush tax cut on people making over $250,000 annually. That recovery-defeating move would provide roughly enough money to cover 20 days of our borrowing averaged over a year.

 

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