jreeves
Senior Member
- Feb 12, 2008
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- #41
A lot dismissed them because they largely sat by quitely while their guy Bush, who inhereted a surplus, ran the debt up to $11 trillion and it was only after a Democrat took office, inhereting a trillion dollar deficit and an economic catastrophe, that they suddenly took this great interest in the debt. Cricitism is less effective when it is smothered in the stench of hypocrisy.
Just so everyone understands....
Budget Deficit Likely Doubled for Fiscal '08 - WSJ.com
The Congressional Budget Office said the U.S. budget deficit for fiscal 2008 -- $407 billion -- will be more than double the deficit for 2007, hit by the wars and a weak economy, and predicted it is likely to rise further in fiscal 2009.
U.S. Budget Office offers darker economic and deficit outlook | Reuters
The Congressional Budget Office forecast a record $1.8 trillion deficit for the fiscal year that ends September 30 under Obama's budget proposal -- or 13.1 percent of gross domestic product.