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Politics : American Presidential Politics and foreign affairs
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To: i-node who wrote (70829)10/10/2014 11:01:51 PM
From: LLCF  Read Replies (2) of 71588
 
Ummmm, dipshit.... Obama deficits (partly) due to Bush tax cuts... don't be stupid:

<<Federal deficits and debt have been sharply higher under President Obama, but the evidence continues to show that the Great Recession, President Bush’s tax cuts, and the wars in Afghanistan and Iraq explain most of the deficits that have occurred on Obama’s watch — based on the latest Congressional Budget Office projections as well as legislation enacted since we last issued this analysis of what lies behind current deficits and debt.>>

Here dicWeed:

<<The deficit for fiscal year 2009 — which began almost four months before President Obama took office — was $1.4 trillion and, at 10 percent of Gross Domestic Product (GDP), marked the largest deficit relative to the economy since the end of World War II.>>

Now don't be a dumb-ass, governments are supposed to run deficits during recessions and surpluses during booms.... BUSH DIDNT RUN A SURPLUS.... that was a massive mistake. Of course Clinton didn't either... also a massive mistake.

You see moron... it's like a family... you run surplus during good times (duhh!!) and if you lose your job you runs deficit while looking for a new one...

Do you get it now... or???? Why don't you take ECON 101 and come back and act like a grown up???

DAK
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