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Two recent news stories illustrate, more clearly than ever, the Obama Democrats' contempt for the free market and individual economic liberty. If given the chance, they will expand government and spend as much of our money as they can get away with.
First we learn that Obama and his party simply will not agree to keep their grubby government hands off the estimated $200 billion the banks are going to repay under TARP. Just when we finally receive this glimmer of good news to ameliorate our reasonable panic over the ever-increasing...
Obama Reducing the Debt? Dream On
"conservative policy left America with a
$12 Trillion dollar debt"
The debt was $6 trillion when GWB took office. $9 trillion when he left. The only "conservative" policy affecting the budget was tax cuts, and that INCREASED revenue to the Treasury; more than enough to pay for the wars in Iraq and Afghanistan.
Of the $3 trillion increase in the debt under GWB, nearly $1 trillion of it came in the last two years, when the Democrats controlled Congress and thus controlled spending. Another half trillion came in 2001-2002 when the obstructionist Daschle Democrats controlled the Senate and pronounced it would take 60 votes to pass anything.
You need to learn the difference...