Some Thoughts On “Review & Outlook: Politicizing the Federal Reserve”
Marcia,
Ignorance is bliss!
From the day Mr. Obama took office last year to the end of the current fiscal year, according to the Office of Management and Budget, the debt management advice held by the public will grow by $3.3 trillion. In 20 months, MR. OBAMA WILL ADD AS MUCH DEBT AS MR. BUSH RAN UP IN EIGHT YEARS!
Mr. Obama’s spending plan approved by Congress last February calls for doubling the national debt in five years and nearly tripling it in 10.
Mr. Bush’s deficits ran an average of 3.2% of GDP, slightly above the post World War II average of 2.7%. Mr. Obama’s plan calls for deficits that will average 4.2% over the next decade.
These are facts that you either don’t know or choose to ignor.
