Candidate Barack Obama, October 15, 2008, third presidential debate:
But there is no doubt that we’ve been living beyond our means and we’re going to have to make some adjustments.
Now, what I’ve done throughout this campaign is to propose a net spending cut.
Economist Kevin Hassett, May 19, 2009, Bloomberg News columnist:
Extrapolating out the 2007 CBO forecast, our government plans to spend about $5.6 trillion more between 2009 and 2018 than was projected to be spent when the Democrats took over control of Congress.
