Obama’s job, deficit claims are iffy

President Barack Obama turned the page on 100 days in office with an iffy boast about job creation and claims of fiscal prudence that are hard to square with his spending.

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Obama spoke with abundant confidence about his chances for achieving the big-ticket items on his agenda despite economic calamity: His assertion that his proposed budget "will cut the deficit in half by the end of my first term" is an eyeball-roller for many economists, given the uncharted terrain of trillion-dollar deficits the government is negotiating. More...