"Later this week, the White House budget office is due to produce its midyear report on the nation’s fiscal health.

If history is any guide, the administration will try to paint a rosy picture, but the truth is already obvious: Washington under President Barack Obama is not just broken — it’s broke.

When Obama entered office, he inherited a budget deficit that reflected the toxic combination of recession, bailouts and runaway entitlement programs. But rather than getting the government’s finances under control, Obama and his allies in Congress poured gasoline on the fire with trillion-dollar boondoggles."

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