Enslaved to Debt

Obama rejected calls for more tax cuts and significant slashing of the bill's more than $800 billion price tag, and said complaints the package was a spending bill rather than a stimulus bill were off base.

"What do you think a stimulus bill is?" he said. "That's the point."

To critics who argue that the government shouldn't be spending billions with a large and growing deficit, Obama said, "I found this national debt doubled, wrapped in a big bow waiting for me as I stepped into the Oval Office."

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