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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (96264)	7/8/2011 10:47:57 AM
From: Bread Upon The Water	Read Replies (2) \| Respond to of 149317

Except the people who supported those people are now a minority of the electorate and that is why negotiations have to take place.

To: koan who wrote (96264)	7/8/2011 12:56:56 PM
From: stockman_scott	Read Replies (2) \| Respond to of 149317

In 2002, Vice-President Dick Cheney and the Bush administration’s economic team met to discuss a second round of tax cuts, which would follow Bush’s 2001 cuts. At the meeting, “then-Treasury Secretary Paul H. O’Neill pleaded that the government — already running a $158 billion deficit — was careening toward a fiscal crisis.” Allegedly, Cheney replied by saying that “deficits don’t matter.” Six years later, the Bush administration’s consistent belief that deficits don’t matter has increased the national debt to over $10 trillion. This is the highest dollar amount ever, and pushes the debt to 69% of the gross domestic product, which is the highest percentage since 1955.