On Jul 29, 2011, at 1:19 PM, Bruce Johnson wrote: > <http://www.nytimes.com/interactive/2011/07/28/us/charting-the-american-debt-crisis.html?hp#accumulate> > > Current US debt is 14.3 trillion dollars.
That doesn't count the unfunded entitlements. > Amount accumulated under GW Bush alone: 6.1 trillion...43% of the total. That's why conservatives didn't like Bush. But if you think it makes them like Owe-bama, who has outspent him and every other president in every way, you're delusional. > This is what happens when you put wars and tax cuts on the credit card. We > had a budget surplus in 2000. Instead of paying down the debt with it, GWB > and the Republican Congress decided to go party with the money. Or shore up your crony capitalists with bailouts, or spend nearly a trillion to keep public employees on the payroll and make their pension payments, or adopt a host of policies that kill jobs. > Even if you subscribe to the erroneous view that the government should run > it's budget like a family does*, that's the equivalent of spending money left > over from your needs on clothes and new TeeVees instead of paying down your > credit cards. You don't demand an increase to your credit card limit and refuse to establish a budget, either. Yet that's exactly what Owe-bama and the Democrats are doing. That's common sense. They will rue the day they spooked the financial and stock markets with their manufactured default crisis. > That's Suze Orman 101... -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
