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Politics : Formerly About Advanced Micro Devices

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locogringo

Thomas A Watson

To: GPS Info who wrote (1163548)	9/12/2019 1:19:47 AM
From: i-node	2 Recommendations Read Replies (1) of 1576892

Even you can understand that Obama deficits far outlast his presidency. The ACA is the obvious example, where the ten year projected cost was a trillion dollars, but after he leaves office, those costs take off like a rocket. Entirely as-designed. We knew it at the time. Go look at the health care thread on SI dating back to the time of the negotiations. Those who were paying attention were fully aware that costs were backloaded while implementation dates moved out so the resultant deficits would not hit until after Obama left. Even the media commented on it significantly. Worse, is the long-term problem created by failed social programs (Medicare and Social Security) which will bankrupt the country in the coming few decades. Inevitably. That is why before Obama left office the CBO projected a return to trillion dollar deficits by 2022 with deficits under a trillion never to return again. At least not in our lifetimes. You don't usually strike me as naive but maybe I've missed that previously.

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