A decade of spiraling deficits (NOT)

Keith Hennessey analyzes the Obama rhetoric:

Last Friday while speaking at the University of Nevada, Las Vegas about the economy, President Obama said:

And these were all the consequence of a decade of misguided economic policies — a decade of stagnant wages, a decade of declining incomes, a decade of spiraling deficits.

I want to focus on that last phrase: a decade of spiraling deficits.

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