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Old 01-31-2012, 03:11 AM   #6
RlUbQU3R

Join Date
Oct 2005
Posts
582
Senior Member
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"Obama is bankrupting this country. If he does not cut spending drastically the economic crisis will continue. You can also be sure they will not let more economic crises go to waste."

An April report by the nonpartisan Pew Fiscal Analysis Initiative analyzed the difference in the nonpartisan Congressional Budget Office’s projections of publicly held debt and the actual debt from 2001 to 2011. The report found that about two-thirds of debt growth -- expressed as a percentage of the gross domestic product -- during that time resulted from new legislation, some of which was enacted under Bush.

The report said the Bush tax cuts, wars in Iraq and Afghanistan and the 2009 stimulus are three of the five "most significant legislative drivers" of the debt, but also notes that "no single policy or piece of legislation, however, is overwhelmingly responsible" for the increase.


TWO of the THREE most significant additions to our national debt were created BEFORE Obama took office. The third was in response to the economic crisis that also occured before Obama was inaugurated. This is not to say that Obama should not focus on cutting spending, just that anyone who has the cajones to say, "they will not let more economic crises go to waste" should consider the meaning of a pot calling a kettle black.
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