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Thread: It was only a matter of time

  1. #19

    Default Re: It was only a matter of time

    Quote Originally Posted by ODH View Post
    ...while Obama gets skewered for being President during a historically deep recession.
    The economy moves in cycles, so I don't fault Obama for inheriting a difficult situation. I fault him for expanding government spending beyond all conceivable bounds (done) and then raising taxes in a futile attempt to balance the budget (soon to come).

  2. #20

    Default Re: It was only a matter of time

    Quote Originally Posted by Flop The Nuts View Post
    I fault him for expanding government spending beyond all conceivable bounds (done)
    Government spending (as % of GDP) has been higher then current levels before, I'm not sure how this qualifies as 'beyong all concievable bounds'.
    There's no such thing as a pretty good aligator wrestler.

  3. #21
    Super Moderator UGLY's Avatar
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    Default Re: It was only a matter of time

    Quote Originally Posted by FloggingSully View Post
    Government spending (as % of GDP) has been higher then current levels before, I'm not sure how this qualifies as 'beyong all concievable bounds'.
    I think he is referring to the amount of debt being amassed not the % of spending against GDP. We are getting to a point that even if we stopped spending money on government and started only paying the debt that we might never be able to pay it off because of the interest alone.

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