“We can no longer afford to leave the hard choices for the next budget, the next administration or the next generation.” This was what President Obama had to say when he unveiled his budget — two years ago. We quoted his statement again last year, as the president released the fiscal 2011 budget, as a reminder of the central, unmet challenge facing the administration. We return to it because the problem of mounting debt is even more urgently true today. Time is running out for Mr.
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