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Barack Obama's economic stimulus plan will guarantee that his administration is responsible for a far larger portion of the growing national debt than George W Bush's. Barack Obama's economic stimulus plan will guarantee that his administration is responsible for a far larger portion of the growing national debt than George W Bush's.
1 comment \| added about 1 year ago by gextyr

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mga

wrote about 1 year ago

Isn't this statement a bit presumptious? Debt increased ~$5T under Bush. Obama's stimulus plan is going to be ~$1T. In theory, it will create wealth. Hypothetically, let's instead say that instead of the money going to this stimulus plan that we buy a keg, stack the rest of the cash in a pile and have the mother of all bonfires. Obama would still have a looong way to go to catch Bush and the only people who don't think he'll end up eventually raising the income tax rate on annual earnings above ~$250k are paranoid liberals who think he is a Republican in disguise. I'm going to have to disagree as not only do I not think it will guarantee anything, I don't even think it's likely.