Post by Origanalist on Jul 5, 2014 2:08:55 GMT -8
Seriously, you couldn't make this shit up. But this guy did....(not the onion)
The falling deficit is a pointless exercise that has come at the cost of keeping millions out of work By Ryan Cooper | July 3, 2014
Ever since 2009, when the recession and the stimulus package pushed the annual budget deficit to a peak of nearly $1.5 trillion, it has been falling steadily. Last year it came in at $680 billion; this year it is projected to total $492 billion.
This is an absolute disaster. It is President Obama's single greatest failure, representing the fact that he, and the rest of the American government, did not adequately respond to the Great Recession. It means that millions of Americans were kept out of work, that trillions in potential output was flushed down the toilet, and that the American economy was very seriously damaged, probably permanently, for no reason at all.
the insanity continues...http://theweek.com/article/index/264151/obamas-greatest-failure-the-rapidly-falling-deficit
The falling deficit is a pointless exercise that has come at the cost of keeping millions out of work By Ryan Cooper | July 3, 2014
Ever since 2009, when the recession and the stimulus package pushed the annual budget deficit to a peak of nearly $1.5 trillion, it has been falling steadily. Last year it came in at $680 billion; this year it is projected to total $492 billion.
This is an absolute disaster. It is President Obama's single greatest failure, representing the fact that he, and the rest of the American government, did not adequately respond to the Great Recession. It means that millions of Americans were kept out of work, that trillions in potential output was flushed down the toilet, and that the American economy was very seriously damaged, probably permanently, for no reason at all.
the insanity continues...http://theweek.com/article/index/264151/obamas-greatest-failure-the-rapidly-falling-deficit
