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Blech, I would never buy his book. My great-grandchildren will be paying for his wars. - me
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We've given enough to Haliburton and company.
I couldn't agree with you more. I fear for my - 4 grandchildren (sm)
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and 1 great-grandma, and I'm wondering just how much they will have to pay because of the 2000s and pure, unsatiable American greed that stands out like a sore thumb in the House and Senate.
I wonder if my grandson and great-grandson will live in a world where capitalism rules only for those with the money, or if they will grow into a kinder, more acceptable of the lower middle class and the poor. My belief is that the Tea Partiers would love to get rid of the system as we know it: denying healthcare benefits and no more Social Security and Medicare, etc., continue to increase the wealth of the richest of us and figuring out how to rip off the poor and lower middle class in order to make the rich even richer.
You people are funny. Your grand and great grandkids - will be paying for OBAMA and his
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wasted stimulus and the TRILLIONS he has added to debt in a short period of time.
O=(+)$1.653 trillion. W=(+)$6.106 trillion. - As percentage of GDP
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O=9%. W=27.8% Despite your overactive imagination, and given the current political climate, it is not at all likely Obama will ever reach the Bush rate of exploding the deficit. Us people do our math, while you people seem to be just as challenged by the numbers as you are by the historical record.
Yes, our children, grandchildren and great-grandchildren will be paying for BOTH, but they will spend a much longer time paying for Ws wars. The Bush deficit legacy will be the greater majority of 919,967 US, coalition, Iraqi and Afghani deaths that will be martyred across generations and 1,739,567 seriously injured, according to conservative estimates of totals to date. Worthy of mention also is the irrecoverable loss of US global respect and prestige resulting from these wars. Obama's deficit legacy (so far) will be reversing the economic free fall he inherited and health care reform. I think we should leave it up to future generations to judge the net value gained from these two sets of policies.
http://www.unknownnews.org/casualties.html
Your math is wrong - see message
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Obama has been in there only 3 years. You cannot compare 3 years to 8 years. Not a fair estimate. So here is the correct figures. And this is giving Obama a free ride for 2 years. The National debt shows:
Bush's first term (4 years) at 2.135B (7.1%)
Obama's first 2 years (still not a fair comparison, but it's the only thing I can find listed at 1.653 (9%). Therefore according to the figures issued by the CBO Historical Budget page (will even put a link at the bottom) Obama has added more debt than Bush in the same amount of time as president.
And actually to get even a more accurate figure, cut Bush's figure in half for his first 2 years, then compare that to Obama's first 2 year. It's the only way to compare.
But if your gonna play the game of comparing Bush's entire 8 years to Obama's figures for 2 years, then hey, why stop there. Just compare Obama's first 2 years to every republican president for the last 38 years. Then that will make your guy look really great.
However, the truth is out there. The figures are there. If Obama is reelected, then at the end of his 2nd term then you can compare 8 years of Bush to 8 years of Obama. Then it will be accurate. Otherwise your figures are not accurate. You like it cos it looks favorable for your guy. However, it's not correct.
O hardly has the rubber stamping Congressional approval machine - that W had.
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Remember? Dems cooperated with the GOP majority throughout the duration of W's reign, at least until maybe 2007. Exactly what evidence do you have that the GOP/TP is preparing to roll over and play nice for the duration of the first term? As contentious as the first term has been, how do you imagine all that acrimony would suddenly dissipate should Obama be re-elected? The brakes are locked in place, as far as I can tell, though I would love it if you could prove me wrong on this.
Unless you factor in the current political climate (which is why it was mentioned in the OP) to assess the likelihood of his being able to push ANY large spending through the obstrutionist quagmire (not even for jobs), your analysis cannot be taken seriously. If you can show by what means Obama will achieve that RATE of W's deficit-exploding spending, I am all ears. It is helpful to keep in mind that the awesome amount of stimulus spending was dictated by that very same deficit and tanking economy (to put it mildly) W left in the inbox for Obama.
Let's pause for a moment to spell this one out. You want a FAIR assessment? Let's assume for the sake of argument that W had not burned through the surplus he inherited, waged wars, cut taxes for the wealthy, overseen huge financial and mortgage sector bursting bubbles and otherwise mismanaged all things fiscal (thus creating the absolute NECESSITY for government TARP and ARRA intervention under his successor) and handed off a relatively stable economy to Obama. The CBO estimated at the time health care reform legislation was passed that it would REDUCE the deficit by $143 billion over the first decade and by $1.2 trillion over the second, figures some economist say have been UNDERestimated. To be fair, of course, GOP has argued that the measure would add anywhere between $230 and $700 billion the first 10 years. On the other hand, the CBO has estimated that repeal would cost $210 to $230 billion over a decade.
As confusing as this may appear, it is clear that W's economy-devastating policies were the driving force behind the TARP and ARRA portions of deficit spending under Obama and that the impact of health care reform alone (which was a purely Obama-driven initiative), though highly debatable, would have been MUCH LESS than figures that include W-driven damage control. Lest we forget the ELEPHANT in the room. Extension of Ws tax cuts for the ubers is also a hefty component of deficit spending under Obama.
For me, my son, his kids and his grandkids, it is the legacy portion of the argument that matters even more than the decades of payback they will be saddled with, which you have refrained from commenting on for fairly obviously reasons.
http://www.cbo.gov/ftpdocs/113xx/doc11379/AmendReconProp.pdf
http://www.cbo.gov/ftpdocs/108xx/doc10868/12-19-Reid_Letter_Managers_Correction_Noted.pdf
http://articles.cnn.com/2010-03-18/politics/health.care.latest_1_health-care-bill-cbo-report-new-cbo-estimates?_s=PM:POLITICS
http://www.reuters.com/article/2011/02/18/us-usa-healthcare-cbo-idUSTRE71H77N20110218
Bush deficits incorporated in Obama spending numbers. - Good point. nm
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Yes, I guess you'll always have an excuse, however - sm
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The point is you don't compare eight years to 2. I don't care how much you hate the previous president. You cannot get a fair assessment if your going to count 100s of years to 1 or 2 (or in this case 8 to 2). Not a fair assessment and you know it.
No excuses needed when the truth is so plain to see - and
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and being played out over and over again in front of our faces on a daily basis. Congress obstructs any and all things that could favor Obama by improving the economy. The TP controls the GOP and by all indictors is not about to authorize any large spending, despite conventional wisdom and logic that informs us the economy cannot expand or grow in an environment of ever shrinking funds, revenues, tax bases (both the untaxed ubers and corps plus the unemployed masses) and other sources of monies (insert big fat DUH here).
You have completely ignored the damage control facts-of-life, that if the economy had not been in free-fall and hemorrhaging jobs from all sectors in Jan 2009, TARP and ARRA would not have been needed and if the GOP had not held unemployment benefits hostage last winter, Ws tax cuts would not have been extended, the three major contributors to deficit spending under the Obama administration. You have also ignored the projected health care reform deficit reductions...and you know it.
You got that one right, but the question - I have is....
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When a republican is promoting their book they are "hawking their book", but when a democrat is promoting their book they are "promoting their book". LOL. Just thought that was funny.
At least he probably wrote his... - hmmm
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whereas there still remains a question as to who wrote Obama's books.
Bill Ayers wrote them. - nm
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Just google who wrote Obama's books and you'll find it.
I was going to say that. - hmmm
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I figured sm would come up with some argument to the contrary.
Cheney's book was written by Dick Cheney and his wife. He didn't need a ghost writer.
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