Wednesday, March 30, 2016

Not his fault

Via Instapundit, the latest list of excuses for the lagging economy under Obama.
The real reason?
Show me the debt.
The stimulus was also used as a means of permanently ramping up government spending to unsustainable yet still, with divided government, untouchable levels. The national debt has grown from $10.6 trillion to $19.2 trillion in just seven years. The federal government, incurred $5 trillion in budget deficits during Obama's first term. The business press acts as if we're supposed to be relieved that those deficits have "only" totaled $900 billion during the past two fiscal years. They're heading back up. How can an economy not be negatively impacted by such profligacy?

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