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<blockquote data-quote="Babagounj" data-source="post: 891178" data-attributes="member: 12952">Re: Obamanation here today&quot;People know that each of us that runs for office stands on our own record.&quot;<img src="http://moonbattery.com/obama-deficit-blowout.gif" alt="" class="fr-fic fr-dii fr-draggable " style="" />The Obama years have racked up the three largest deficits, both in absolute amounts and as a share&nbsp; of GDP, since Hitler still terrorized Europe. Some increase in deficits&nbsp; was inevitable given the recession, but to have deficits of nearly $1.3&nbsp; trillion two years into a purported economic recovery simply hasn’t&nbsp; happened in modern U.S. history. Yet President Obama fiercely resisted&nbsp; even the token spending cuts for fiscal 2011 pressed by House&nbsp; Republicans earlier this year.
 The table also shows how close the federal budget was to balance as&nbsp; recently as fiscal 2007, with a deficit as low as $161 billion, or 1.2%&nbsp; of GDP. Those are the numbers to point to the next time someone says&nbsp; that the Bush tax rates are the main cause of our current fiscal woes.

<a href="http://online.wsj.com/article/SB10001424052970204479504576637513885592874.html?mod=WSJ_Opinion_LEADTop" target="_blank">Wall Street Journal</a> 


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[QUOTE="Babagounj, post: 891178, member: 12952"] [b]Re: Obamanation here today[/b] "People know that each of us that runs for office stands on our own record." [CENTER][IMG]http://moonbattery.com/obama-deficit-blowout.gif[/IMG] [INDENT]The Obama years have racked up the three largest deficits, both in absolute amounts and as a share of GDP, since Hitler still terrorized Europe. Some increase in deficits was inevitable given the recession, but to have deficits of nearly $1.3 trillion two years into a purported economic recovery simply hasn’t happened in modern U.S. history. Yet President Obama fiercely resisted even the token spending cuts for fiscal 2011 pressed by House Republicans earlier this year. The table also shows how close the federal budget was to balance as recently as fiscal 2007, with a deficit as low as $161 billion, or 1.2% of GDP. Those are the numbers to point to the next time someone says that the Bush tax rates are the main cause of our current fiscal woes. [URL="http://online.wsj.com/article/SB10001424052970204479504576637513885592874.html?mod=WSJ_Opinion_LEADTop"]Wall Street Journal[/URL] [/INDENT] [/CENTER] [/QUOTE]

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