Originally Posted by
Havakasha
I beg to differ. Look it up. Even Hank Paulson the Secretary of the Treasury under Bush/Cheney has used that 25% figure.
first fact. A large part of the deficit into the future is from the Bush administration.
2nd fact. There is a difference between creating a deficit from a surplus which Bush did
and using stimulus (which adds to the deficit) in order to help us get out of the 2nd worst recession in this country. Even Martin Feldstein the Conservative Republican economist argued that we needed large stimulus to help us out of the recession. He disagreed with the Obama formula for stimulus but not with the fact that we needed stimulus.
No one is arguing that we dont have to deal with our large deficits once the economy is more stable and experiencing healthy growth, but cutting deficits in the middle of a recession is known to cause a depression.
Yes, there are enormous problems in this country and the world now, but they didnt occur over the last year but developed over many years and wont be fixed for many years (some may never be solved because of the dysfunction of our political system) as well. Lets not be ignorant and try to act like all our problems are the fault of Obama. That is way more than absurd.
P.S. Dick Cheney said "deficits dont matter". i am curious to hear you address a politician whose views you probably share a lot in common with.