[DELETED BY AUTHOR]
26 Feb
Obama’s Budget: $1.75 trillion Deficit- 12% of Gross Domestic Product
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Thursday, February 26th, 2009 at 9:56 am | 35 views
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Folks, I warned you larry w would only go deeper and deeper into denial about obama.
Yet again he has posted his severely disproven claims that the current economic problems are the faults of the Reps and not the dems. He even trots out the ridiculous claim that the dems balanced the budget in clinton’s time.
Blast, I had shifted to neutral on you until you spewed BDS hate. Perhaps you fancy yourself a moderate, but moderates don’t do things like that.
From today’s WSJ op-ed pages… a historic graph of spending to GDP from 1930 to 2010.
Obama’s economic team plays the numbers by assuming the economy will decline by only 1.2% this year, then start growing by 3.2% next year. By 2010-2013, they are guessing it will be chugging along at 4%.
Tim Kane from Heritage Foundation had a article in 2004 assessing US growth. When you look at years that had considerably less widespread economic trauma getting those numbers, I have to wonder if Obama is either being too optimistic, or if the “catastrophe” he tells us we are facing is nothing but hype.
Then, of course… where’s inflation being factored in? How will these tax revenues be affected when costs for energy go up for the greening of America? When oil prices rise because of decreased output. And to boot, the devaluation of the US dollar on the world market.
Frankly, how the Obama economic team envisions such recovery with impending inflation while simultaneously sucking the top % of taxpayers dry (who pay virtually all taxes) strikes me as making Bush’s supposed “fuzzy math” seem crystal clear by comparison.
The libs won’t just take what the rich ‘earn’, their income, but what the rich OWN. That is how all commies act and the dem libs are no different. The libs will just package that as ‘sacrifice’. But once the golden goose is slain even the Obamessiah will not be able to resurrect the rich or the economy.
“The president blamed the nation’s economic travails on the administration that preceded him….”
I do remember the Democrats during the 2004 and 2006 election complaining about Bush’s out of control spending spree.
Obama got his US Senate seat in January 2005.
Why didn’t Obama fix the problem Bush was creating?
Bush spent our tax dollars like a drunken sailor.
Obama is spending our tax dollars like a crack addict….all going up in smoke.
Every time I see that disasterous graph of our sudden debt surge, I am reminded of a reverse hocky stick.