The Glass Isn’t As Empty As It Could Be

AP source: White House projects lower deficit

This is one of the headlines on Yahoo.finance.com this morning.  And it’s true, by canceling $262 billion in additional bailout aid that was originally in the budget as a “place marker”, Obama has lowered the deficit to only $1.58 trillion for 2009.  So already he is cutting the deficit and being fiscally responsible.  Nevermind that Bush’s cumulative budget deficit for 8 years was only $2 trillion.  So congratulations to Obama.

If you want the real truth about debts and deficits, beyond the misleading headlines, read my post: Debts, Deficits, and the Myth of the Clinton Surplus.  By the time you’ve read this much of this blog, our national debt has increased another $1,000,000.

Of course, this is no different than when we learn that 350,000 jobs were lost and Obama came on tv and said he saved or created 150,000 jobs because otherwise the total loss would have been 500,000.  The next month when job losses were 554,000, he had no comment.

After today’s election in Afghanistan, it will be interesting to see if our President takes credit for those who did show up, or blames the low turnout on the last 8 years.

Advertisements

0 Responses to “The Glass Isn’t As Empty As It Could Be”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Share This Blog

Bookmark and Share

Categories


%d bloggers like this: