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1/14/09

Seatlepi.com: US economy - Analysis: Obama's toughest fiscal crises lie ahead - by Jim Kuhnhenn

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US economy - Analysis: Obama's toughest fiscal crises lie ahead - by Jim Kuhnhenn

For Barack Obama, winning a giant economic revival bill in Congress should be the easy part. Taming the nation's rising deficits and debt and bringing entitlement programs to heel? Good luck. For now Obama is using his considerable political muscle and public goodwill to leverage a massive stimulus bill - big spending, big tax cuts - to inject adrenaline into an economy in crisis. But he best save a significant part of that political capital if he wants to overhaul so-far politically inviolable programs such as Social Security and Medicare and avert a looming crisis that few Americans now feel or comprehend.

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