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- #221
1. In "Applied Economics: Thinking Beyond Stage One," Dr. Thomas Sowell points out that many politicians do not think beyond Stage One because they will be praised (and elected) for the short term benefits but will not be held accountable much later when the long term consequences appear.
The truth can be clearly seen in the economic policy that will be voted on in November.
2. The NYTimes verifies that the Obama economic plan is less beneficial than the Ryan Plan:
a. Deficit in 2016
Obama: $529 billion
Ryan Plan $241 billion
b. Added debt over the next ten years:
Obama $6.4 trillion
Ryan $3.1 trillion
c. Balances the budget:
Obama: never
Ryan: by 2040
http://www.nytimes.com/2012/03/21/us/politics/house-republicans-release-budget-blueprint.html
Not even close!
To vote for the Obama economic plan, one would have to subscribe to 'I know nothing...I vote Democrat.'
Obama: When you find yourself in a hole.....stop digging.
The Obama budget deficits originated during the Bush presidency...
1. Tax cuts 2001-2002 (4 trillion over 10 years)
2. Prescription drug benefits (1 trillion over 10 years)
3. Economic meltdown of 2008 ( 3 trillion and rising)
4. Wars in Iraq and Afghanistan (2 trillion and winding down)
You post can be recognized as nothing less than an admission that Barack Obama either could do nothing to solve the problems that he was elected to eradicate due to a series of 'poison pills' hidden by the previous administration....or Barack Obama lacked the competence to do so.
You are opting for the former explanation, I, for the latter.
Only one of us is applying logic, experience and data.
Were I a liberal rather than a conservative, the term 'liar' would have entered the debate.
Have a good holiday.