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That deficit was projected by the CBO to be 1.2 trillion before Obama was in office.
Yes, the deficit is due more to Bush's policies than Obama's (around 200 billion for this year's portion of the stimulus)
So then when things turnaround if they ever do, you are saying it will be because of the Bush policies?
I thought so.
Obama is spending like crack head who seems to not know what the hell he is doing.
Just to let you know, Obama will spend more money in 2010 on his loser welfare base voters next year then the entire Iraq War cost for all of those years.
Handout Obama is going down for creating a mess that I do not think we can recover from for many years.
So then when things turnaround if they ever do, you are saying it will be because of the Bush policies?
I thought so.
If there were Bush policies in place that would lead to a recovery, maybe.
What policy are you referring to?
More tax cuts for the wealthy?
I guess I can give Bush credit for TARP.
I'm one of the few non-economists that thinks it may have done some good.
And the auto bailouts.
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Obama is spending like crack head who seems to not know what the hell he is doing.
What else besides the stimulus has he spent on?
Obama's total for the year is roughly 200 billion.
1/7th of the deficit, less than 15%.
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Just to let you know, Obama will spend more money in 2010 on his loser welfare base voters next year then the entire Iraq War cost for all of those years.
Obama didn't create welfare, lol.
And your math is very wrong.
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Handout Obama is going down for creating a mess that I do not think we can recover from for many years.
Yes, I know in backwards-ville, the stimulus is bad.
In backwards ville, jobs are bad.
So is the market hitting 10,000 for the first time in a year.
Horrible news.
And when we found out that the deficit was 1.4 instead of 1.8 - terrible.
And initial reports of the stimulus exceeding expectations, how do we deal with all this bad news?
As far as I am concerned the deficit is irrelevant because I will likely be dead of old age before the debt has to be paid if ever. Besides the deficit is a subsidy for the wealthy that own the money. They are getting paid to fund the government they own instead of being taxed as they should be.
* The top one percent of households will receive tax cuts averaging almost $35,000 — or 54 times as much as that received on average by those in the middle of the income spectrum.
* In 2004, the middle 20 percent of households will receive 8.9 percent of the tax cuts.
* By contrast, millionaires — totaling just 0.2 percent of U.S. households — will receive 15.3 percent of the tax cuts.[3] In other words, the small handful of millionaires will receive total tax cuts far larger than those received by the entire middle 20 percent of households.
* The tax cuts will confer more than $30 billion on the nation’s 257,000 millionaires in 2004 alone.
And please notice the image I have attached, showing our deficit without the Bush tax cuts for the wealthy.
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