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Thursday, July 14. 2011

The Joke

Walsh at the NY Post begins:



Here's a joke for you: President Obama nearly bankrupts the country with his out-of-control deficit spending -- then demands responsible fiscal leadership from the Republicans.



As far as I can tell, the whole game is simply to move government from 20% to 25% of GDP, and to mail it to their voters in one form or another. Leave it to the next Dem President to get it up to 30%.


America only swallows Socialism in small bites.

Posted by The Barrister at 13:50 | Comments (4) | Trackbacks (0)

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The plan is
1. Take credit for raising spending up above 25% of GDP - completed.

2. Get the Republicans to collect taxes to pay for the increased Democratic spending - in progress.
#1 NJSoldier on 2011-07-14 14:20 (Reply)
I think that to Obama, governing means spending. Leadership is defined as spending on new policies and programs. He's willing to make some cuts, but not to give up spending.
#2 The Elephant's Child (Link) on 2011-07-14 14:50 (Reply)
Everyone needs to understand that when the democrats and Obama skyrocketed the national debt that they imposed a tax increase on all taxpaying Americans. Now the debate is when will that tax be levied and what will it look like. You WILL be taxed to pay this debt and all future debt.
#3 GoneWithTheWind on 2011-07-15 10:38 (Reply)
"The government drag on the economy is the Net Present Value of expenditures minus transfer payments"

1st year MBA Macro Econ
#4 NJSoldier on 2011-07-15 11:48 (Reply)

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