Monday, July 25, 2011

Whose Deficit Problem?

Dear Madame L,

Sorry to shake your little dream world, but Obama has been president now for 2-1/2 years, and we have a horrible deficit. So why do you keep blaming our current financial problems on George W?



Dear Skeptic,

Madame L applauds you: You're right to be skeptical! And, if you watch much Fox News or CNN, it's very understandable, because you're missing out on the whole story from both those networks.

Madame L, however, watches several news channels and reads several newspapers every day, and also has a memory for political and economic issues of the past 10 to 15 years or so.

Under Bush II's administration, our country amassed more than FIVE TRILLION DOLLARS in debt. Under Obama's administration, we amassed less than 1.5 trillion dollars. The graphic below is from The New York Times/Congressional Budget Office/Center on Budget and Policy Priorities

Bush chart

Given that Republican Senate Leader Mitch McConnell announced in 2009 and has repeated since that his MAJOR OBJECTIVE is to see that Pres. Obama serves only one term --- NO, he did NOT mention jobs, taxes, or entitlements, or anything else --- how can you believe anything McConnell or any other Republican politician says about the budget, the deficit, taxes, entitlement programs, or anything else?

Come on, think about it! And take care,

Madame L

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