Quote:
Originally Posted by mossomo
It is no secret that the US government has been running up the credit card of late. ... A crisis is slowly building, and it is one that will erupt suddenly.
This is a story of debt and the dollar. ... ...
http://www.dailykos.com/storyonly/2009/5/5/727606/-One-day-it-just-fell-off-a-cliff....(debt-and-the-US$)
Wow - that's fairly objective, DailyKos got a couple points there. When DailyKos is bringing up Obama's deficit spending as a problem, I hope more people reconsider their optimism about the economy. At the bottom of the DailyKos post is a poll about the debt crisis. Take the poll at the buttom and see what my liberal friends think. When I took the poll, my libs were all as concerned as my Repub friends. 81% thought things were bad with all the spending.
|
Ah, more right wing misinformation. The article makes NO mention of Obama. Instead, here's what the article actually says:
"In the last 12 months (May 1, 2008 to April 30, 2009) the US government has borrowed $1.7 trillion in net new borrowings from the public. "
Note the time period, most of which occurred during Bush.