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Having entered the White House in the midst of the Great Recession, then President Obama spent much of his time in office trying to deal with the weakened economy. Tax cuts and stimulus spending measures contributed to high federal deficits…

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Politicians do not want to address the nation’s debt issues because that would require both tax increases and reductions in spending on entitlement programs, said David Cote, former CEO of Honeywell. “It is just basic math that no one wants…

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