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→Background to Obama debt crisis: cite
=== Background to Obama debt crisis ===
=== Background to Obama debt crisis ===
After the failure of President Obama's [[Recovery Summer|Stimulus package]], his entire [[White House]] economic team quit.<ref>[http://www.france24.com/en/20100922-summers-latest-member-obama-economic-team-quit-0 Summers latest member of Obama economic team to quit]</ref><ref>[http://www.dailyfinance.com/2010/11/23/two-white-house-economic-advisers-to-quit/ http://www.dailyfinance.com/2010/11/23/two-white-house-economic-advisers-to-quit/ More White House Economic Advisers to Step Down ]</ref> During the next few years, the deficit was projected to fall somewhat, but if discretionary spending were to stay at the same level, the deficit would not fall enough under President Obama's economic policies to stabilize debt payments. Further, the debt is projected to begin rising more rapidly under Obama's policy because of the rising costs of [[Social Security]], [[Medicare]], and [[Medicaid]].
After the failure of President Obama's [[Recovery Summer|Stimulus package]],<ref>[http://www.newsweek.com/2010/10/01/obama-s-failure-of-leadership.print.html Obama’s Failure of Leadership], [[Eleanor Clift]], ''[[Newsweek]]'', 10/4/10.<ref> his entire [[White House]] economic team quit.<ref>[http://www.france24.com/en/20100922-summers-latest-member-obama-economic-team-quit-0 Summers latest member of Obama economic team to quit]</ref><ref>[http://www.dailyfinance.com/2010/11/23/two-white-house-economic-advisers-to-quit/ http://www.dailyfinance.com/2010/11/23/two-white-house-economic-advisers-to-quit/ More White House Economic Advisers to Step Down ]</ref> During the next few years, the deficit was projected to fall somewhat, but if discretionary spending were to stay at the same level, the deficit would not fall enough under President Obama's economic policies to stabilize debt payments. Further, the debt is projected to begin rising more rapidly under Obama's policy because of the rising costs of [[Social Security]], [[Medicare]], and [[Medicaid]].
=== Unsustainability of Obama deficits ===
=== Unsustainability of Obama deficits ===