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Hawk in Hock

by Jacob Sullum

Remember President Obama's New Era of Responsibility? It got off to an inauspicious start, with a $787-billion economic stimulus package, a $410-billion appropriations bill, and a record $1.8-trillion budget deficit.

But now Obama wants to signal that he's getting serious about cutting the federal budget. Unfortunately, his plan hinges on the assumption that Americans do not know how to calculate percentages.

Last week, the Obama administration, after going through the budget &q ...

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