The new president is gambling that our extraordinary deficits will never matter.
NRPLUS MEMBER ARTICLE
n the 2020 campaign, Joe Biden proudly ran as an “Obama-Biden Democrat.”
But there is already one important difference between Biden and his old boss: Obama used to at least pretend to be concerned about our long-term debt, while Biden isn’t even going through the motions.
Just like Obama, Biden began his presidency by using a crisis as a justification to smuggle many long-time liberal priorities into a massive spending bill. Yet a few days after the passage of the 2009 stimulus bill, Obama convened a “Fiscal Responsibility Summit” at the White House to discuss ways to tackle the long-term debt.
“We cannot, …
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