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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (465946)	3/24/2009 1:47:37 PM
From: Steve Dietrich	2 Recommendations Read Replies (2) of 1574581

That's true, but the past 16 years has been a tale of passing the buck, and I don't see Obama taking any steps to reverse the trend. You can start with Obama's switch to more honest accounting. It's one reason his deficits are as big as they are: He's counting stuff that Bush kept off-budget. The deception of counting the SS surpluses as revenue will work itself out: As the baby boomers retire, SS will no longer be running a surplus. I think that happens in about 10 years. It took 8 years for Clinton to get the budget in order, to the point where Bush thought he was inheriting surpluses as far as the eye could see. And Clinton inherited a much better (though still bad) situation than what we have now. It will take time, a return to growth, and economic grownups who don't think tax cuts are the solution to every problem, but we can and will get back to fiscal sanity. SD

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