AC Cream Wannabe
Registered: 03/14/06
Posts: 589
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Quote:
You are aware, right?, that Obama's planned deficit for *this year alone* is greater than the deficit Reagan ran up in *all eight years combined*?
Even Bush jr. looks fiscally responsible by comparison: Obama's planned deficit for *next year alone* will be about the same as Bush jr's the deficit from his *first seven years combined*, and likely all eight years since Obama's revenue assumptions are based on 2006, i.e., he assumes the recession never happened.
Obama's *plans* will increase the deficit 50% before he leaves office. That's not something being forced on him by circumstance.
Without a surplus, and without just printing a batch of bills specifically to fix today's problems alone (with the accompanying problems that follow that sort of clusterfuck), deficit spending is the only way to proceed. On paper anyways, spending it on infrastructure and rebuilding seems sounder than Reagan's huge defense buildup.
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