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

To: bentway who wrote (531335)	11/21/2009 12:33:25 PM
From: i-node	Read Replies (1) \| Respond to of 1574762

>> You link the chart to taxes, but totally ignore the Bush Depression that was turned into the Bush severe recession, a much more causative factor. Here's the verbiage that went with that chart. What’s driving Obama’s unprecedented massive deficits? Spending. Riedl details: * President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion. * President Bush began a string of expensive financial bailouts. President Obama is accelerating that course. * President Bush created a Medicare drug entitlement that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new government health care fund. * President Bush increased federal education spending 58 percent faster than inflation. President Obama would double it. * President Bush became the first President to spend 3 percent of GDP on federal antipoverty programs. President Obama has already increased this spending by 20 percent. * President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend. * President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.