The Loud Talker

Focus on getting it right, not being right.

  • Archive

  • Subscribe

Obama, not Bush, Owns This Economy.

Posted by cann0nba11 on May 14, 2009

Read this article. Here’s a highlight:

The new Democratic administration has made it necessary for the federal government to borrow just under one half of every dollar it must spend this year to fund its existing obligations and all the new spending the new president and his allies in Congress approved during Obama’s first 100 days in office.

As the Associated Press explains, the FY2008 deficit will increase “by $89 billion to above $1.8 trillion—about four times the record set just last year.” Which Orszag and others want us to believe is somebody else’s fault.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: