Obama stands his ground on fiscal debates

Obama stands his ground on fiscal debates

Credit: Getty Images

WASHINGTON - JANUARY 20: U.S President Barack Obama (L) takes the oath of office as first lady Michelle Obama (C) holds the bible as daughter Malia looks on in the Blue Room of the White House January 20, 2013 in Washington, DC. Obama and U.S. Vice President Joe Biden were officially sworn in a day before the ceremonial inaugural swearing-in. (Photo by Larry Downing-Pool/Getty Images)

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Associated Press

Posted on January 22, 2013 at 9:33 AM

WASHINGTON—President Barack Obama devoted one word—“deficit”—to the issue that brought Washington to the brink of fiscal crises time and again during his first term.

But it was the paragraph that followed in his inaugural address that foreshadowed what’s to come—more hard bargaining and more last-minute deals driven by Obama’s own conviction that he now wields an upper hand.
He conceded that “outworn programs are inadequate to the needs of our time,” but forged ahead with a call for training more math and science teachers, for building roads and even for funding more research labs.
If there was a way to reconcile such spending with demands to stabilize the nation’s debt, he didn’t mention it.

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