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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (548248)	2/6/2010 1:23:05 PM
From: tejek	Read Replies (1) of 1575317

These deficits are extreme because the situation was extreme. Not that extreme. These deficits are close to WWII level deficits than anything that's come since (measured compared to the economy, which is reasonable, rather than claiming their "the biggest ever" which is true, in nominal dollars, but an insignificant point). "Two wars" that together with non-war military spending aren't much more than a tenth of the burden (%of GDP again) that WWII was. "Cutting taxes to the rich", with the rich paying more of the tax burden than they did before the cuts (at least until the recession, since less people are rich in income terms now, the tax take from the rich drops). Tim, I do not know who your news sources are but the MSM made it very clear back then that we were on the verge of a depression....a global depression. The entire world was in a panic. Every major nation in the world upped their spending and increased their deficits to prevent such an eventuality. I am not clear what makes up the typical conservatives's DNA that allows you all to rewrite history with such impunity but really I am not interesting in reading such BS. Life is hard enough.

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