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25th August
2009
written by Sean Noble

The problem that big-spending liberals run into when they are actually in charge is that the bill does eventually come due.

Following the spending orgy of Obama and Congressional Democrats so far this year, the new deficit numbers are out, and they don’t look good.  The cumulative deficit for the time frame 2009-2019 is a eye-popping $9 TRILLION.  That is a staggering number.

In a cheap attempt to bury this bad news, Obama announced today that he was going to reappoint Ben Bernanke as chairman of the Federal Reserve.  That’s news?  I don’t think so.

Obama now owns the recession – whether he wants to or not, because most Americans rightly see the spending spree from Washington as contributing to the problem.  There is nothing “stimulating” about it.

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3 Comments

  1. David B.
    26/08/2009

    “The problem with socialism is that eventually you run out of other people’s money.” Margaret Thatcher

  2. IgNoble
    26/08/2009

    “The problem with the fake economics spewed by Sean Noble and other far-right ideologues is that they do not describe or analyze the real world. Real economics describe the real world. The purely-partisan and ridiculous nature of this blog will be borne out when the recession bottoms out (as is likely happening now) and economy begins to improve.” -IgNoble

  3. Steve F.
    26/08/2009

    Well said Sean!! Amen!
    – Steve Ford

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