His idea of cutting the deficit is to make it so high, that by the time he "cuts" it, it'll be half of how high he made it and it's STILL higher than what Bush left. God, he's such a maroon.
Again, that would be under the control of the communist DEMOCRATS.
Exactly when Obama says the deficit is inherited ... he stops short of saying from WHOM...
The mass Public believes BUSH left Obama this deficit and yes Bush has a responsibility of about 40 percent because he did nothing to stop the reckless Democrats but Bush had a war to win in Iraq and I think he sold his fiscal soul to win that war that issue is open to fair and constructive debate... but...
The FACT is it was the DEMOCRAT CONTROLLED CONGRESS led by Pelosi and Reid that approved the budgets and monies that caused the deficit.
NOTE TO THE AMERICAN PEOPLE THE PRESIDENT CANNOT APPROPRIATE MONEY, THAT FUNCTION BELONGS TO CONGRESS IAW THE CONSTITUTION>
Markets plunge to 1997 levels. Surprisingly no mention of Obama’s “swindle-us” package.
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Shocker !
The Economic Growth and Tax Relief Reconciliation Act of 2001 (Pub.L. 107-16, 115 Stat. 38, June 7, 2001), was a sweeping piece of tax legislation in the United States with a price tag of $1.6 Trillion Dollars.
The Congressional Budget Office estimated that the tax cuts would increase budget deficits by $60 billion in 2003 and by $340 billion by 2008.
$1.75 trillion is $4.8 billion a day, and at that rate would add new debt equivalent to about half the nation’s GDP in just one term!