Quote:
Originally Posted by GMScud
FYI, I'm fully aware of the difference between debt/deficit. Bragging about lowering the deficit $200B last year seems pretty shortsighted in light of the fact that he's raised the debt by over 5 TRILLION during his presidency. Regardless, to the point of this thread, I'm glad the markets are performing well.
This isn't directed at you, but a point I'd like to re-iterate: My criticism of the Obama administration should not be wrongly interpreted as an endorsement of the right wing.
Basically at this point I'm a less abrasive version of NCSkins when it comes to American politics. I'm not really feeling either side.
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Good post, Scud. But when you say "Obama" has raised the debt by over $5 Trillion, that's not entirely true. What is true is that it has
increased since the day he took office, but only a portion of that is a direct result of his policies. Fact is we're still paying for the wars, Medicare B, and yes, Obama decided to extend the Bush tax cuts for another 2 years.
The broader point still remains though, regardless of who's in office, the country needs to get spending under control.