April 30th, 2009, 01:04 AM #1
Larry Kudlow: 100 Day Lurch to the Left
RealClearPolitics - 100-Day Lurch to the Left
The latest federal budget would double the debt in five years and triple it in ten. For some perspective, that debt level is higher than the combined debt levels generated under every president from George Washington to George W. Bush. According to the CBO, federal debt held by the public as a percentage of GDP under Obama is projected to rise to 82 percent in ten years. The budget deficit itself never drops below $670 billion and closes the period at $1.2 trillion. That's nearly a 6 percent share of the economy.Obama: The rich have the Federal Reserve and the poor have Harry Reid... LOL. Life really is unfair!
April 30th, 2009, 01:38 AM #2
No excuses from ANY administration. I said let it burn to the ground earlier because no one is going to learn otherwise. Those who capitalize will continue doing so as long as possible and milk it, Repub, Indy, Green and Dem, whatever. The Era of Greed is going to come to an ugly end.
Last edited by Toadman; April 30th, 2009 at 01:40 AM.
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