Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

Sunday, August 30, 2009

The $9T US Deficit is All Bush

Interesting article in the New York Times today: Who Gets the Blame for the Deep Deficit?

The conclusion: all (or at least most) of the estimated $9 trillion US deficit was caused by George Bush. In particular, Obama's health care proposal and environmental proposals do not increase the deficit at all (as they are paid for by cost cutting and tax increases).

This may be the case where facts get in the way of conventional knowledge.

###