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Originally Posted by transjen
So let me get this straight if the GOP was still in power no one would get humped or have to pay this debt?
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That's not what I said is it? The debt generated over the last 40 years, 8% of which you could say is Bush's (and the congress') would have to be paid if government continued like it has under Bush. With Obama, now 21% more debt will have to be paid. Hopefully his next 3 years won't be so traumatic, but I'm not holding my breath. Criticize what I'm saying, not the words you're sticking in my mouth.
Quote:
Originally Posted by transjen
You are defending W by claiming his spending was not as bad because it was a smaller amount. Sorry but it's the same thing no matter the amount it is still spending over what you have and you are just trying to muddie up the water and protecting W. And it appears you are also fuzzy on the level W ran up as it looks like you are not putting the WALL STREET bailout amounts to his account,
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No, I am including the Wall Street Bailout. I still don't think you are clear on how unprecedented this is.
Look at this chart on our monetary base over the last 100 years:
http://research.stlouisfed.org/fred2...ax_630_378.png
You can see how much money BO artificially put into the economy. That is all debt. We are in deep shit territory.