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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: TideGlider who wrote (25809)2/6/2010 11:09:08 PM
From: GROUND ZERO™  Respond to of 103300
 
I know, I just can't help myself...<g>

GZ



To: TideGlider who wrote (25809)2/7/2010 7:48:51 AM
From: GROUND ZERO™1 Recommendation  Respond to of 103300
 
The Limits of Blaming Bush

By Veronique de Rugy
Saturday, February 6, 2010

In his latest budget request, President Obama added roughly $1.6 trillion in spending over the next ten years on top of what he requested last year. Can President Obama blame that extra $1.6 trillion on former President Bush?

President Obama has been in the White House for more than a year now, but he hasn’t yet gotten tired of telling the American people that the terrible fiscal outlook is the product of the Bush administration’s policies. This is an excerpt from his budget message released on Monday (see p. 3): "On the day my administration took office, we faced an additional $7.5 trillion in national debt by the end of this decade as a result of the failure to pay for two large tax cuts, primarily for the wealthiest Americans, and a new entitlement program. We also inherited the worst recession since the Great Depression—which, even before we took any action, added an additional $3 trillion to the national debt."

The Bush-era deficits were bad. I spent a great deal of time in the last eight years protesting our last president’s lack of fiscal responsibility (here and here, for instance). And yes, a large part of the fiscal 2009 deficit was the result of policies instituted by Bush during his last year in office.

But those are hardly reasons to keep adding to the deficit.

Read the complete article below:

american.com

GZ