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Politics : Mainstream Politics and Economics
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To: Nadine Carroll who wrote (218)8/31/2011 8:05:43 PM
From: KyrosL1 Recommendation  Read Replies (3) of 85487
 
I think Clinton deserves as much credit as Gingrich.

Most of the huge decrease of debt to GDP ratio from the end of WWII till Reagan was done by Democratic Congresses.

I am not happy with Obama, but I think he is getting a much worse rap than he deserves. The key factors of his headline deficit numbers are the Great Recession, the boomer retirement that's generating Social Security deficits rather than surpluses, the out of control increase in health care costs that is blowing up Medicare and Medicaid, and the incorporation of war costs in the regular budget rather than hidding them, as Bush did. None of these are Obama's sins.

Obama's two sins, in my view, is that he did not structure the stimulus or the health care bill correctly.
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