http://www.reuters.com/article/newsOne/idUSTRE57K4XE20090821
WRT the deficit story: I'd like to challenge Ed to a logic puzzle. Namely: Obama correctly faulted Bush and the Republicans for adding $4 trillion to the deficit over 8 years. He never ceases to mention the deficit he inherited. His treasury secretary has asked Congress, where his party enjoys a rare super-majority (something even the Republicans never had), to increase the federal debt limit immediately. Now he is raising his 10 year deficit increase estimates from $7 trillion to $9 trillion, and is proposing $2 trillion annual budget deficits that tower over even the worst that Bush offered (for the record, around $400-$500 bil. was the largest one-year budget deficit under Bush). Yet he continues insisting that he will halve the deficit in ten years, and that we are finally making hard choices and being fiscally responsible. How are his claims reconcilable to reality? I must be epistemologically challenged because, personally, I'm stumped -- I cannot reconcile his promises with reality, assuming positive intent to reduce the deficit rather than merely redefine it (e.g., through hyperinflation). But perhaps Ed's superior organs of ratiocination can help me see my logical error. ;-) - Bob _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
