I’ve been despising the blogging lately and mostly because it involves so much economics of which there are so many numbers it takes actual research to dispute this stuff.
Which brings me to this story written by David Leonhardt on the new deficit – which on it’s surface is so laughable I’m crying.
You can think of that roughly $2 trillion swing as coming from four broad categories: the business cycle [37%], President George W. Bush’s policies [33%], policies from the Bush years that are scheduled to expire but that Mr. Obama has chosen to extend [20%], and new policies proposed by Mr. Obama [10%].
Huh??
OOh – thank goodness. When I first looked around the blogosphere this morning, no one had covered this story.
So I went looking for the famous graph below and Gateway Pundit now has the scoop. And the quote of the day.
Shameless liars.
Go. Read him.
Seriously. I know “all blow jobs” are good, but is President Obama going to respect you in the morning Mr. Leonhardt?
I’m sure you have this graph memorized already. Just keep it seared into your brain for all future conversations.
In the meantime, don’t mind me, I’m happy to donate my tax dollars to buy your car.
“I hope it has the same kind of effect it had in Germany,” Khademi said. “I support anything that will stimulate car sales at this point.”
Right – because making certain that American cars sell is faaarrrrr more important than letting my (nonexistent) children pay their future bills with ease.
These articles – in the first one, mentions Medicare Part D as being a big Bush government spending program. (which it is) However – it does not mention the amount of money the government thinks it saved in future medicare visits/surgeries etc, by having the drugs available.
YET Congress wants to just give people $4500 to exchange their older car for a newer car with better gas mileage because by this spending we’ll “save” in the long run.
$#%$#@^$%@#^&W$%&^$*&
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