Thursday, June 11, 2009
Actually, It IS Obama's Deficit
The NYSlimes ran a deceptive piece yesterday which attempted to spin the astronomical-debt story. No surprise; as Reynolds observed, the spendspendspend-deficitdeficitdeficit thing is extremely unpopular with Americans.
One more note:
“Bad as the deficit was under Mr Bush, it will quadruple this year, from $459 billion in 2008 to $1.845 trillion, according to the non-partisan Congressional Budget Office (CBO). Mr Obama vows to slash it in half within four years, but that will still leave it bigger than the deficits for which he once lashed Mr Bush. His aides hint that he will get tough when the time is right, but he is reluctant to break campaign promises of tax cuts for all but the rich just yet. The CBO reckons the deficit will still be running at more than $1 trillion a year in 2019.” --The Economist
We had an election. Obama won. He's putting "Change" in effect, all right.