JMHO wrote:
Wow! You're really digging! Let's see, two wars, which at the most, and I'll use the left's exaggerated numbers, $2 trillion. Latest numbers on Medicare D are less than the projected cost of $150 billion in 2030...last number I saw was for 2010 at $16 billion (1% GDP, a drop in the bucket). Now, it doesn't take a math genius to figure out that those numbers don't come near bankrupting the country. Your home boy Obama has added close to $8 trillion to the national debt (in 6 years) already, and Bush added $5.5 trillion in 8 years. Now, if it only takes $2 trillion over 5-6 years to bankrupt the country, what has Obama's $8 trillion over 6 years done!
Okay, here is a history lesson, and economics lesson for you. It was the housing bubble bursting that brought this economy to it's knees...plus a run on the banks (thus TARP, and Obama got half of that), which some say was caused by George Soros. But, the killer was the housing bubble...Freddy Mac and Fanny Mae out of control. The Republicans back in 2004 tried to stop these toxic loans, and tried to bring Freddy Mac and Fanny Mae back under control, but your side, the Democrats filibustered it. Sen McCain back in 2004 predicted what would happen in a speech on the Senate floor, and guess what? It did happen.
Nice try pal, but that dog don't hunt. Another factor is electing a Democrat House in 2006. The deficit was down to around $160 billion, until the new Democrat House started spending. Then, the crash.
Wow! You're really digging! Let's see, two wars, ... (
show quote)