I do find it interesting that from 1992 to 2000 the improved federal finances are credited to Bill Clinton, and from 2000 to 2008 the poor federal finances are blamed on George W. Bush, by the same people who now want to distance Obama from the state of federal finances.
The truth is that the senate, congress and president all have a hand in the finances of the country because nothing can be done without their co-operation. Tomorrow the house could propose a bill that would put the finances of the federal government in order but unless it passes the senate and the president signs the bill it is worthless.
If Obama was a good president he would (essentially) refuse to sign any bills until their was a proper budget passed, and he would demand that the deficit be reduce in this budget bill to a certain level and let the house and senate figure out how they were going to do it.
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