- Joined
- Jul 26, 2009
- Messages
- 19,035
- Reaction score
- 8
Look at this chart:
Which president spends the most?
http://upload.wikimedia.org/wikipedia/en/a/a5/CBO_Forecast_Changes_for_2009-2012.png
Causes of deficits? Iraq war, Medicare D, and tax cuts which in turn creates less tax revenues - no money.
Now, look at the debt in 2080:
Fileebt to GDP Forecast Chart.png - Wikipedia, the free encyclopedia
It's going to be over 500% of the GDP, not a good sign and it will send us into deep recession, wars, and instability. Don't blame Obama though - most of it is from medicare/retirement. We need to increase the age limit and reform medicare spending.
Off Topic. This is a thread about the Stimulus