Slimebeast said:
TheRealMafoo said:
SciFiBoy said:
rocketpig said:
I think it's bad when an emissary is sent to France, Germany, and Sweden with the idea of convincing their governments to spend their way out of this "crisis" and they all politely say "you're fucking crazy, yankee".
While I appreciate some of the things Obama has done socially (shutting down Gitmo, working to remove "don't ask, don't tell"), his economic policies have been a disaster thus far IMO. |
from what i understand of economics, you have to spend money to get out of this crisis, doing nothing would be a disaster (massive unemployment, complete collapse of banking system and massive public service cuts, to name a few)
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In less than two months, he's run the deficit up more than all the presidents before him COMBINED.
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I understand u overexaggerated, but is there any truth to that? What are the facts about the size of the Obama budget and reforms so far?
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http://online.wsj.com/article/SB123629969453946717.html
"Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined."
The Author:
Mr. Boskin is a professor of economics at Stanford University and a senior fellow at the Hoover Institution. He chaired the Council of Economic Advisers under President George H.W. Bush.
