Quote:
Originally Posted by Lochgelly
I hear you...and all I can say is that in the last three years of Clinton, there was a budget surplus.
Also, Bush II was WAY BEYOND COMPARE.....his deficits dwarfed all of the previous Presidents combined ....
think about that for a second....200 plus years to create a debt...then BAM!
double it in less than 8 years...
As for Obama...I do think he will do better than McCain...he probably won't balance the budget...but I do think he will have less of a deficit than McCain.
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A Republican Pres and Congress continued the mess, a Dem Pres and Congress will make it worse. A lot worse. The talking point will be, "well we are going to raise taxes to cover these increases in spending." Then, when the actual TAX REVENUE starts to disappear, the deficits will go parabolic.