My take on books, canoes, running, current events, movies, music (especially jazz and fado), science, technology and life its ownself
Thursday, October 28, 2010
Like my old dad used to say...
How do you know you know what you know? The answer, as dad knew, was sometimes you don't--if you take an honest look at that position you're so stridently sure of (and yeah, I'm talking to you Tea Party wingnuts). This, for instance:
"History records that President George W. Bush, who inherited a $236 billion government surplus from the Clinton administration in 2001, handed President Obama a stacked deck eight years later. The Congressional Budget Office's projected budget deficit for FY2009, beginning four months before Obama took office, was already in excess of $1.3 trillion. Indeed, the 2011 budget deficit is projected to be ever-so-slightly lower than the one Bush left on the White House doorstep. Despite the one-time $787 billion economic stimulus (spread over three years), no huge growth in government spending has taken place on Obama's watch. Three proximate causes of the rising national debt remain: the Bush tax cuts of 2001, his unfunded Medicare drug benefit, and the wars in Iraq and Afghanistan."
More in this succinct, informative commentary.
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