Barack Obama Debt Reduction Plans Run Into Economic Reality
LOS ANGELES — President Barack Obama headed west to sell his big picture deficit-reduction plan. But many people are waiting for a quick fix to their own economic problems caused chiefly by persistent unemployment and the crippled housing market.
Audiences in California and Nevada understood why it’s important to get a handle on the deficit over the long term. Yet they made clear that the economic recovery hasn’t fully taken hold in ways that are meaningful to them.