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"Christine Romer and Peter Orszag have been gone for months, but in some ways it’s as if they never left … especially in math. For the second time in eighteen months, the Obama administration has been caught making a $2-trillion error (http://www.msnbc.msn.com/id/42154734/ns/politics/ - broken link) in its deficit projections, this time attached to its latest budget proposal. The CBO yesterday released a report showing that the White House far overstated economic growth and blew the whistle yet again on ObamaCare projections:"
Gee, like we couldnt have seen this coming. Who are the Obama defenders again?
Well if you want $2trillion of economic growth why not print $2 trillion and give it to everyone? (as apposed to loaning it out as we are in way to much debt)
If printing can create real wealth then zimbabwe will be the wealthy country in the world
Printing doesn't create real wealth. What printing can do is it can lubricate the economy. We have too much debt and we need it to come down. At the same time we have too much unemployment and we need that to come up. So up the prime lending rate and print money and give it to everyone. Upping the prime now would be a bad move from the point of view of the national debt. This is at a point where the return is almost negative. This will reduce the creation of new debt and the cash spent will tend to drive economic expansion.
Obama's deficit to shore up the economy and keep us out of depression, two trillion dollars.
Bush's two unnecessary wars, actual cost plus long-term care for the troops, estimated six to eight trillion dollars. Oh, and five thousand lives lost for nothing. But soldiers have no real value anyway, now do they?
It's not what you spend, folks, it's what you get for it. I'd say we got a helluva good deal for Obama's two trillion.
Obama's deficit to shore up the economy and keep us out of depression, two trillion dollars.
Bush's two unnecessary wars, actual cost plus long-term care for the troops, estimated six to eight trillion dollars. Oh, and five thousand lives lost for nothing. But soldiers have no real value anyway, now do they?
It's not what you spend, folks, it's what you get for it. I'd say we got a helluva good deal for Obama's two trillion.
Your 5 K is our side it is a one sided war. They are never going to forgive us for invading.
Anyone find it odd that when the CBO shows facts to support the looney side they love them to death but when they show facts that Obama and his henchmen are trying to hide something from us they are a piece of crap.
If there is in fact a 2 trillion dollar mistake and it point to Obama in any way then we need to start impeachment proceedings right away as the man is not fit for the job ( most of us knew this anyway ) and is actually purposely and falsely misleading the American people which is fraud.
Anyone find it odd that when the CBO shows facts to support the looney side they love them to death but when they show facts that Obama and his henchmen are trying to hide something from us they are a piece of crap.
If there is in fact a 2 trillion dollar mistake and it point to Obama in any way then we need to start impeachment proceedings right away as the man is not fit for the job ( most of us knew this anyway ) and is actually purposely and falsely misleading the American people which is fraud.
No need to hurry. Obama will be president until January, 2017.
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