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You have been lied to by Fox News. Obama is not destroying the economy with higher deficits. In fact, he is cutting deficits at the fastest pace since WWII.
Don't take my word for it. Take it from the NON-PARTISAN CBO:
So we're "projected" to go from 1.2 trillion dollar deficits to 850 billion dollar deficits and the OP thinks this is something to be giddy about. That's like thanking someone who just raped you 3 times because he promises to do it only twice tomorrow and the next day.
So we're "projected" to go from 1.2 trillion dollar deficits to 850 billion dollar deficits and the OP thinks this is something to be giddy about. That's like thanking someone who just raped you 3 times because he promises to do it only twice tomorrow and the next day.
If you think about it in mathematical terms, deficit is the derivative of debt - i.e. the rate of growth. The OP is not talking about either the deficit or the debt directly. What the OP is basically saying is that the second derivative of the debt (i.e. the pace of deficit change) is now, 4 years down the line, projected to be negative over the next three years. If you honestly think this means Obama has done a good job handling the debt considering that both the debt and deficit have soared under his Presidency, and not just for the sake of argument but honestly think that, I really don't know what to say except that I feel sorry for your former teachers.
This is not a difficult concept to understand. Decreasing huge deficits (which he definitely inherited, stop denying it) is a GOOD thing. If he cut ALL spending at once, we would go into a depression... that's a fact. If Republicans would agree to defense cuts, this reduction could be sped up even more. We spend more than the next 13 countries COMBINED. Why would any "small government" Republican defend maintaining ridiculous defense spending? Hypocrisy runs rampant on the right.
In the real world, in fact, many of their “cuts” cut nothing at all. The Transportation Department got credit for “cutting” a $280 million tunnel that had been canceled six months earlier. It also “cut” a $375,000 road project that had been created by a legislative typo, on a road that did not exist.
At the Census Bureau, officials got credit for a whopping $6 billion cut, simply for obeying the calendar. They promised not to hold the expensive 2010 census again in 2011.
Today, an examination of 12 of the largest cuts shows that, thanks in part to these gimmicks, federal agencies absorbed $23 billion in reductions without losing a single employee.
“Many of the cuts we put in were smoke and mirrors,” said Rep. Mick Mulvaney (R-S.C.), a hard-line conservative now in his second term. “That’s the lesson from April 2011: that when Washington says it cuts spending, it doesn’t mean the same thing that normal people mean.”
What's not a difficult concept to understand was written in post #6.
This isn't even economics, this is basic math.
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