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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (521963)	10/20/2009 10:36:08 AM
From: i-node	Read Replies (1) of 1583243

Before he took office it was (CBO) projected at $1.2Trillion, now $1.4Trillion. It's mostly Bush's deficit. Disingenuous, as usual. Bush's deficits in the low hundred billions during his entire 8 years. Obama's current year deficit, and his entire projected budget for 10 years out, entails TRILLION PLUS deficits. The deficit for the past year was a TRILLION dollars greater than the year before. 9 months of that period was under Obama. No year of Obama's projected deficit is less than TWICE Bush's 8 year average. I think it is great the the Obama deficit came in lower than the 1.8T, but you have GWB to thank for it. If one looks at why the deficit was lower than projected a few months ago, a significant portion of it was a recovery of TARP funds that Bush, NOT Obama, advanced. This, in effect, gave Obama the benefit to the tune of $120 Billion because of the timing. Furthermore, Obama's TARP money will never be paid back while more of the Bush TARP money will come back over time. Your argument is disingenuous at best, certainly wrong, and likely nothing more that lying because you know it is wrong.

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