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Old 10-02-2013, 02:14 PM   #26
Jim in CT
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Join Date: Jul 2008
Posts: 20,428
Quote:
Originally Posted by spence View Post
Remember this was pre-recession when the economy was still doing pretty well riding that cheap credit wave. The implications then appeared much less severe than today.


Back then the Dems were advocating pay-go. Situation was certainly not the same...

-spence
"the economy was still doing pretty well riding that cheap credit wave. The implications then appeared much less severe than today. "

OK. So you claim to work in Finance, and you are saying that with a straight face? Spence, remember the absolute dollars here. You are saying, it was worse for Bush to have us $9 trillion in debt in 2006, than it is for Obama to have us $17 trillion in debt in 2013? You believe that? Our balance sheet is healthier now than it was then?

Whew!
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