At a Democratic fund-raiser recently, President Barack Obama said he inherited the nation's economic problems....
>>>At a Democratic fund-raiser recently, President Barack Obama said he inherited the nation's economic problems.
"Look, we do have a serious problem in terms of debt and deficit, and much of it I inherited when I showed up," he said. "And because of the financial crisis, it got worse. So there's no doubt that we've got to fix our long-term finances."
The nation needs to tackle its budget deficits over the long term, he told reporters earlier, adding that he will be presenting his ideas for how to proceed in coming weeks as a special congressional committee set up under the debt-ceiling agreement begins its work.
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