Lawrence Summers, head of the National Economic Council, fell asleep on the podium

Barack Obama on Monday launched what he promised would be an enduring bipartisan process to bring down the fiscal deficits that have started to explode under his watch.

Mr Obama, who called 130 lawmakers and members of think-tanks to the White House for what he described as a “fiscal sustainability summit”, added that by the end of his first term, he would halve the budget deficit he inherited from George W. Bush.

…….

Although Lawrence Summers, head of the National Economic Council, fell asleep on the podium, most attendees, including Republicans, appear to have appreciated the exercise. There was even some light-heartedness.

Keep reading at Financial Times


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Can a liberal spender like Barack halve the deficit left to him by the quintessential liberal spender, G. Walker B. ?

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