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July 28, 2009

U.S. Budget Is Scrutinized by a Big Creditor

By Margaret Bassett

Throughout the two-day conference, which ends Tuesday, the subtext has been that Mr. Obama must persuade more than just Blue Dog Democrats, moderate Republicans and skeptical economists that he has a plausible long-term plan to bring down a record-breaking federal deficit. He also has to convince the occupants of the Great Hall of the People, whom he needed to show up at this week's $200 billion Treasury auction, and the many

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Throughout the two-day conference, which ends Tuesday, the subtext has been that Mr. Obama must persuade more than just Blue Dog Democrats, moderate Republicans and skeptical economists that he has a plausible long-term plan to bring down a record-breaking federal deficit. He also has to convince the occupants of the Great Hall of the People, whom he needed to show up at this week's $200 billion Treasury auction, and the many

Authors Bio:
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.

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