Tuesday, May 12, 2009

Is No One Worried

The argument is the Obama administration inherited huge deficits and huge problems. Okay, true. But to put into perspective, Bush spent 1.8 tril in debt over 7 years. Obama will spend that amount this year.

I know everyone is gleeful our new president can speak well and is young and cool and most people like him, etc. But is no one worried about spending ourselves into the crapper - to the point where our cost to borrow increases dramatically?

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