Before Kenyan socialism, before government's brutal takeover of healthcare, before outrageously profligate stimulus spending which created not ... one ... job, before Obama became the totalitarian chairman of America's auto industry and before he ruthlessly deprived our gentle Wall Street wizards of their god-given right to manipulate financial markets in any way they saw fit, and, finally, before the aforementioned quasi-American wastrel decided to bury your chidren in massive and unprecedented debt, there's this little tidbit, from the Center on Budget and Policy Priorities:
The deficit for fiscal year 2009 — which began more than three months before President Obama’s inauguration — was $1.4 trillion and, at 10 percent of Gross Domestic Product (GDP), the largest deficit relative to the economy since the end of World War II.
Yeah, but ...
But what?
The republic spin in the deficit has always been that the debt was the fault of 'tax and spend' Democrats. The 'nutters still maintain Clinton balanced the budget and ran a surplus only because "reegun set that all up".
Unfortunately, the Democrats let them get awat with it.
Posted by: Billy B | May 11, 2011 at 06:40 AM