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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (465435)	3/20/2009 10:16:24 PM
From: SilentZ	Read Replies (2) \| Respond to of 1573954

>The deficit is projected to be $1.8 trillion. That means over 50% of Obama's $3.55 trillion budget consists of spending money we don't have. It's not that much worse than it was under Bush. It just doesn't hide the extent of it anymore. And the deficit as a percentage of GDP isn't nearly as bad as it's been in the past. You may not believe in Keynesian principles, but this is all OK under them. In fact, we might need to spend more right now. >And the Baby Boomers haven't even started drawing their Social Security checks yet. Red herring. >Everyone but the government is tightening his or her belt. That's EXACTLY why the government has to spend more. -Z