All I remember is liberals squealing during Reagan's 8 years, and then all during Bush 43 about "the deficit...the deficit!
And all of a sudden, like magic, deficits are no problem.
Posted on 03/11/2009 11:52:53 AM PDT by rabscuttle385
WASHINGTON (AP) — Lower tax revenue and massive government spending on the bank bailout pushed the federal deficit to $765 billion in the first five months of the budget year, well on its way to hitting the Obama administration's projection of a record annual imbalance of $1.75 trillion.
The Treasury Department also said Wednesday that the February deficit reached $192.8 billion. That's a record for the month and up 10 percent from a year ago, but below analysts' expectations of $205.7 billion.
(Excerpt) Read more at google.com ...
You can borrow the money, and watch interest rates go to 20%.
Or you can print the money, and watch everything double in price. And enact windfall taxes on the inflated profits. Its a win-win. Life is good.
LOL! Geez, the media are gonna be opening their shows tonight with "Chalk up another win for the Obama administration, which is meeting its debt projection."
A big part of interest rates is perceived inflation. So, if prices inflate, interest rates are going up anyway...
Life was better under Reagan/Bush/Clinton/Bush. If this spins out of control, life will be less than good for decades as we rot from within.
Ha! Yeah right, and risk the wrath of Odouche bag...It will be a mere blip on the news.
The Repubs spent like drunken sailors under Bush. The Dems...well I don’t know what’s a worse than the phrase “spending like drunken sailors” but what ever it is. They’ve got it.
How about "spending like Democrats"?
"Spending like Republicans" works too.
Not historically, no. Recently, yes. But if they want to win some elections they have to get back to their low-spending ways.
On the other hand, a democrat who doesn't want to spend spend spend is no democrat.
All I remember is liberals squealing during Reagan's 8 years, and then all during Bush 43 about "the deficit...the deficit!
And all of a sudden, like magic, deficits are no problem.
I of course agree with you.
Just incredible.
thought I read somewhere this deficit spending done in the past months is greater than all previous presidents combined...
Don’t worry, Obama is going to pay off the debt from revenue from cap and trade taxes, thus killing the oil, gas, and coal industries, while “green industries” are going to make the economy boom. KA-BOOM!
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