Sorting facts from fables

Orange County Register
by Thomas Sowell

09/08/10

President Barack Obama boldly proclaims, ‘The buck stops here!’ But, whenever his policies are criticized, he acts as if the buck stopped with George W. Bush. The party line that we are likely to be hearing from now until the November elections is that Obama ‘inherited’ the big federal budget deficits and that he has to ‘clean up the mess’ left in the economy by the Republicans. This may convince those who want to be convinced, but it will not stand up under scrutiny. No president of the United States can create either a budget deficit or a budget surplus. All spending bills originate in the House of Representatives and all taxes are voted into law by Congress...

http://tinyurl.com/26ybvj8


Informant: Thomas L. Knapp



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