Quote:
Originally Posted by spence
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
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"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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