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March 25, 2009
Four Times As Much
It seems that the Government of Mr. Obama has plans to run up a debt four times as big as George Bush did. President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.Fortunately that is based on optimistic projections. If more a pessimistic scenario emerges in fact the debt run up will be higher. And that does not even factor in the fact that the Fed is printing money to buy T Bills. Thank the Maker we elected the Smartest President Ever™. Because just think of the mess we would be in had we elected another dummy like Bush. Cross Posted at Power and Control posted by Simon on 03.25.09 at 03:23 AM |
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If a President runs up the largest deficit in American history, and the news doesn't report it, is there any political fallout?