The Price is RIGHT / WRONG! OBAMA - come on down - the original directors cut - iOwnTheWorld funny

Obama is better off a game show television host than the President of the United States. THANK YOU
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Just how much government debt does a president have to endorse before he's labeled "irresponsible"? Well, apparently much more than the massive amounts envisioned by President Obama. The final version of his 2010 budget, released last week, is a case study in political expediency and economic gambling.
Let's see. From 2010 to 2019, Obama projects annual deficits totaling $7.1 trillion; that's atop the $1.8 trillion deficit for 2009. By 2019, the ratio of publicly held federal debt to gross domestic product (GDP, or the economy) would reach 70 percent, up from 41 percent in 2008. That would be the highest since 1950 (80 percent). The Congressional Budget Office, using less optimistic economic forecasts, raises these estimates. The 2010-19 deficits would total $9.3 trillion; the debt-to-GDP ratio in 2019 would be 82 percent.

But wait: Even these totals may be understated. By various estimates, Obama's health plan might cost $1.2 trillion over a decade; Obama has budgeted only $635 billion. Next, the huge deficits occur despite a pronounced squeeze of defense spending. From 2008 to 2019, total federal spending would rise 75 percent, but defense spending would increase only 17 percent. Unless foreign threats recede, military spending and deficits might both grow.
Except from crabby Republicans, these astonishing numbers have received little attention -- a tribute to Obama's Zen-like capacity to discourage serious criticism. Everyone's fixated on the present economic crisis, which explains and justifies big deficits (lost revenue, anti-recession spending) for a few years. Hardly anyone notes that huge deficits continue indefinitely.
One reason Obama is so popular is that he has promised almost everyone lower taxes and higher spending. Beyond the undeserving who make more than $250,000, 95 percent of "working families" receive a tax cut. Obama would double federal spending for basic research in "key agencies." He wants to build high-speed-rail networks that would require continuous subsidy. Obama can do all this and more by borrowing.

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[oldschoollegend]

Point being, the republicans had their chance to govern and look what happened. Bush was warned months ahead that the economy was going down and he ignored it until he realized it wasn't going away.

Also under Bush, banks were issued the OK to loan money out to idiots with bad credit so they can buy houses that they couldn't afford.

The Clinton administration had one of the best economies on record and than people elected bush for eight years.

[BestPoliticalVideos]

@oldschoollegend

"Also under Bush, banks were issued the OK to loan money out to idiots with bad credit so they can buy houses that they couldn't afford. "

Under Bush? Do you realize it was the same Democratic controlled Congress that is in power right now that did it - not Bush!

Bill Clinton had a Republican Congress in power.

Thank you for confirming Democrats/Liberalism suck.

[BestPoliticalVideos]

@oldschoollegend

watch and learn

watch?v=_MGT_cSi7Rs

[jmelkis]

"Contestants not appearing on stage will also receive a lifetime supply of crushing debt!"

[gmanisstillhere]

One Big Ass Mistake America Bend Over Here It Comes America

[dungeoncrawler55]

Are White children just expendable assets to be sacrificed on the altar of multi-racialism?

[BestPoliticalVideos]

@renaeturay

Bush was a rino - he spent like a drunken sailor. Obama spends like Imelda Marcos buying shoes!

[renaeturay]

@BestPoliticalVideos and what was Bush?

[fuckqnamenotavail]

I rly hope this works.... and if not.. oh well... but hey.... dealbook(dot)nytimes(dot)com/2­011/01/25/financial-crisis-was­-avoidable-inquiry-panel-finds­/

[alphanumerik]

so like are we just erasing 2000-2008 from the presidential history books or something as if it never happened?