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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (15700)3/29/2010 1:37:47 PM
From: RetiredNow3 Recommendations  Read Replies (1) | Respond to of 42652
 
ou didn't mention that when bush took office, he inherited a 200B surplus and a CBO 10 year projection of $5B. When he left office, he had erased the $5B credit and added $5 more to the national debt, doubling it in just 8 years, and leaving behind fiscal and economic devastation with which Obama is having to deal.

Very true. That is an excellent observation, Ali. From that perspective, the real damage Bush did was swing our projected budgets by $10 trillion, from $5 trillion surplus to $5 trillion deficits. How did he do that? Well, simple math tells you he must have done a combination of tax decreases and increased spending that resulted in an impact of $1 trillion per year over a 10 year period. So back of the envelope, Bush handed Obama a $1 trillion deficit run rate.



To: Alighieri who wrote (15700)3/29/2010 2:47:58 PM
From: longnshort1 Recommendation  Respond to of 42652
 

Rosie O’Donnell Uses ‘Geometry’ to Prove Need for ObamaCare

breitbart.tv



To: Alighieri who wrote (15700)3/31/2010 3:12:45 PM
From: TimF1 Recommendation  Read Replies (1) | Respond to of 42652
 
When he left office, he had erased the $5B credit

There was no credit (not that if there was $5bil would mean much in terms of total government spending). There was a projection of future balances, or in other words a guess. Nothing to erase.

Of course actual debt was added, but the rate was much slower before the Democrats took power in congress, now debt is being added hand over fist.


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