But the deficit also is becoming a significant short-term psychological problem that the administration has to deal with now. Put simply, if the administration can't convince the financial markets, the Congress and the public that it really, truly will cut into the deficit over time, even if it can't do so for a while, the long-term economic and political problems get a lot worse.
Monday, June 15, 2009
White House Sends Signals on Deficit
From Wsj.com
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