This chart was updated to reflect the recent news that the deficit this year will reach $1.65 trillion. (The Captain’s Comments)
Barack Obama blamed Bush today for the national deficit that he just tripled in one year.
Transcript via Shallow Nation:
Making these necessary investments would be hard at any time. But it’s that much harder at a time when resources are scarce. After living through a decade of deficits and a historic recession that made them worse, we can’t afford to kick the can down the road any longer. So the budget debate that we’re having is going to be critical here in Washington. And so far, most of it’s been focused almost entirely on how much of annual domestic spending — what in the parlance we all domestic discretionary spending — that we should cut. There’s no doubt that cuts in discretionary spending have to be a part of the answer for deficit reduction.After living through so many session where the teleprompter lies, what can you do but read the lies as they scroll by --- The man is a bald faced liar, and the media just laps his boots and slavers.
So I have a question, why don't the Republicans make a big one of these charts, something for the camera, and wave it around for all to see. And then explain how truly tiny the $100 billion in cuts really are.
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