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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (746521)	10/14/2013 4:14:39 PM
From: combjelly	Read Replies (2) of 1575607

Obama spending drove it up in the first place. According to the CBO, The CBO estimated that enacting the bill would increase federal budget deficits by $185 billion over the remaining months of fiscal year 2009, by $399 billion in 2010, and by $134 billion in 2011, or $787 billion over the 2009–2019 period.[65] en.m.wikipedia.org That means Bush's last budget had a deficit of $1228 billion baked in, given that the stimulus accounted for $185 billion in FY 2009. I will grant you that the stimulus did drive it higher than it might have been. But it wasn't a major contributor. The $3 trillion hole that was blown in the economy was.

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