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


To: bentway who wrote (622300)7/31/2011 6:03:16 PM
From: i-node1 Recommendation  Respond to of 1578933
 
>> A lot of the Obama deficit the pinheads here howl about is simply crap Bush had off the books that Obama put ON the books. Like the two wars and Medicare part D.

Another dumb remark.

When you look at the national debt, as everyone is doing now, it includes the wars. Whether Obama spent the money on the wars or Bush did, it is counted as part of the national debt.

The unfunded liability from Medicare Part D is not counted as part of the debt, just like that from FDR's social security and LBJ's Medicare isn't.

And these, of course, are the REAL reasons for the debt downgrades we're facing, NOT the 14 Trillion.