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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (40962)	2/5/2010 1:35:31 AM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 71588

Re: "is going to be the first president to increase it by an even larger amount." I think that Great Depressions should get at least a little slack on the spending side in the early going. (Also the end games for big wars.) REGARDLESS of that personal belief though, as I have pointed out before, the budgets that Obama is projecting show the first year deficit he was started with to be CUT IN HALF within three to four years. At which point (hopefully far before that exact point-in-time) we as a nation should have taken FURTHER and SERIOUS deficit reduction efforts. (And I hope you will not continue to oppose deficit elimination efforts....) If we DO (and I certainly hope so!) do that hard and much needed heavy lifting, then President Obama will be the second President to have followed a Bush presidency by working hard to slash the accumulated and left-behind fiscal disaster.... Re: "Nominal dollar figures aren't particularly meaningful here." That is why I didn't use them, but used "federal deficit spending as a percentage of GNP" as my yardstick --- and took especial pains to SPECIFICALLY POINT THAT OUT.