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Families cannot carry debt at 25 to 30% credit card rates but a nation can carry a nearly unlimited amount at 2% treasury interest. This spending, although misdirected by the Republicans, to bail out failed speculators, will keep the economy afloat and give it, and us, time to recover from the loss of the trillions of speculative value that was never there.
Now if we really want to save some money, and some honor, we can summarily fire all the mercenaries we have hired to do our dirty work. Then we can work at getting some of the DOD absurdities under control. We need a lot more butter and bridges than we need bullets.
He insulted the UK Prime Minister. Who gave Obama a fantastic expensive gift. Obama gave the UK PM a short amount of time and kept looking away. Obama's gift? A box of 25 DVD's that weren't even in English format!
Obama wrote a letter to the French President talking about how he hopes he'll have a good 4 years to work with the. One problem. Obama wrote his letter to Chirac who's been out of office for a couple of years. The President of France is Sarkozy!!!
Obama sent Hillary Clinton with a stupid plastic red button that was supposed to symbolize "reseting" our relationship with the Russians. One problem. Instead of saying "reset" on the button, it said, "overcharge!". The Russian media spent a week ridiculing Obama's regime over it.
He's an embarrassment.
So leave this country and stop whining like some grown up kindergarten problem child.
I'm not disputing the amount of the debt or even denying that the spending is too much, but where is the alternative. Everyone is complaining, but there has not been any alternative presented by the Republicans, just a blue print of an alternative. Two things we know from sure from that doc, 10% tax cut for income below $100K and 25% tax cut for everyone else.
...but where is the alternative, you ask. Budgets/spending bills originate in the House of Representatives regardless of who wants to spend the money where. If this is the best Congress can do, regardless of party then that Congress needs to be replaced.
The Obama administration has promised to reduce the $1 trillion-plus deficit it inherited, which its proposals would do through 2012.
But over 10 years, the president's proposed budget would increase the cumulative deficit by $9.3 trillion relative to current law, according to CBO. Battle begins over federal budget - Mar. 25, 2009
Wrong question, how much did the stock market loose since Democrats have taken over Congress? Thats the right question...
You automatically lose a debate when you use the word loose to mean lose. Can't play favorites on this one.
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