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

To: i-node who wrote (701401)	2/28/2013 6:16:18 AM
From: Alighieri	Read Replies (1) \| Respond to of 1577124

Bush's 2009 budget called for a 400 billion deficit. The final spending bills were signed into law by Obama in march 09. Under what revenue projections? Certainly not after the collapse of revenue that took place late in 2008...furthermore you'd have Obama come into office and find 9% contraction the prior quarter and near financial collapse and cut the budget to reduce the dynamic deficit he found? Ridiculous...we'd have had a depression for sure. What you state here is incredibly disingenuous... Cbo attributes half the 09 deficit to obama's ARRA. Obama didn't change the budget signed, yet the deficit in 2009 exceeded 1.4B...since ARRA accounted for 300B in 2009...this statement is simply untrue. So clearly the CBO (assuming they made the statement you claim) was wrong. When did the CBO make this statement? cato.org Al