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Politics : Mainstream Politics and Economics
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To: TimF who wrote (24088)8/19/2012 8:34:46 PM
From: Wharf Rat  Read Replies (2) of 85487
 
"Its not aircraft carriers driving the spending,"

You're right; it's all of defense plus 2 unfunded wars, kept entirely off budget by Bush. Carriers are just a small part of that.
Defense is a transfer program; our taxes to the defense companies. Remember that $500 hammer? Transfer payment. What was the toilet seat; $1500? Transfer payment.

It's not just spending that drives the deficit, either. Bush Obama tax cuts and Bush unfunded drugs played their role. So did the Bush Depression.
Look, Ma; no TARP, almost no stim.

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