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

To: Tenchusatsu who wrote (707576)	4/6/2013 11:10:01 AM
From: SilentZ	2 Recommendations Read Replies (2) \| Respond to of 1573544

>But, but, you say that's actually "good deficit spending" because it helped prevent a crisis from turning into a catastrophe. >But wait a minute. Obama is the one claiming that he did just that. >It's Obama's deficit, or it's Bush's recovery. Take your pick. Huh? Most of the increase in the deficit in 2009 was due to a crash in revenues. We're still not back to 2008 revenue levels yet. The deficit increased by $950 billion from 2008 to 2009, and $600 billion of that was a decrease in revenues. $35 billion of the remainder was "defense." Probably about $100 billion was due to normal year-over-year growth or safety nets triggered by the recession. Less than $200 billion was stimulus spending. So fine, if one concedes that the $200 or so billion of stimulus was 100% wasted (which obviously I don't), what would you have cut overnight to make up for $600 billion in revenue decreases and $100 billion in revenue increases that the President has almost no year-to-year control over? -Z