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


To: i-node who wrote (746667)10/14/2013 6:02:16 PM
From: TimF1 Recommendation

Recommended By
i-node

  Respond to of 1575428
 
Not to mention that even after any drops that have occurred Obama's deficits are still huge.

His average deficit is higher than that of any president except FDR, Wilson, and maybe Lincoln.

To be fair deficits "belong to" congress as much as they do the president, but the recent action of congress has been to reduce them. If Obama had his way there would be no sequester limits*, and federal spending would be higher.

Also the highest of Bush's deficits were after the Democrats took over congress. After does not equal because, but the high deficits were partially because of that change (not mostly, they where mostly because of the financial and economic events, but the Democrats certainly played a part).

* He may have supported the idea, but only because he thought the defense cuts would make the Republicans cave, and they didn't. He certainly doesn't want those limits now, and never really wanted them in place at all.



To: i-node who wrote (746667)10/14/2013 6:19:30 PM
From: combjelly  Read Replies (1) | Respond to of 1575428
 
Nope.

The TARP program originally authorized expenditures of $700 billion. The Dodd–Frank Wall Street Reform and Consumer Protection Act reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion




http://en.m.wikipedia.org/wiki/Troubled_Asset_Relief_Program