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Old 06-11-09, 08:47 PM   #5 (permalink)
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Re: America’s Sea of Red Ink Was Years in the Making

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Originally Posted by deepness View Post
taken from the ny times. any economists out there that can analysis this? i know this is probably the wrong website 2 be asking this...
not sure what you need analyzed, i just read it and it's the same shit that has been spewed about this issue for the past several months

1. we had a surplus during the Clinton years... some based upon his policies and a lot based on the fact that the economy was flourishing

2. then we started in with the current huge deficit every year, partly based upon the fact that we're in a recession that has been building for years. partly due to Bush and his policies.... and the article notes that Obama has continued several of those policies.

now we're fucked

xian takes acception to the fact that they list Cato as being conservative rather than libertarian. i take acception to the fact that they haven't given Obama even a full year to do things before trying to string him up like they did Bush even though Bush deserved it.
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