The government loves to follow whatever Keynes says, including the memorable (and (*)(*)(*)(*)ing): "in the long run, we're all dead."

I'm sure they just whisper borrow and spend, borrow and spend, borrow and spend......... to themselves constantly.

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well put!!!

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Well, I don't exactly know What's going on in the world today Don't know what there is to say About the way the people are treating Each other, not like brothersLeaders take us far away from ecology With mythology and astrology (and -ology)
Has got some words to say About the way we live today , Leon Russell


.

Something tells me that this is likely an overstatement.

The enumerated responsibilities are tiny. Common defense, treaties, it's very limited, and for the first 4 score years it was almost negligable. My sense of it is that debt service is at least double the enumerated responsibilities.

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One Big Assed Mistake America - Advancing statism’s death grip on American dynamism.

Undermine our allies. Embolden our enemies. Diminish our country. Barack Who's Vain? Obama Doctrine 2009

Descartes' proof of existence, "I think therefore I am" will not work for a majority of voters in the last election.

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

That's a lie. The CBO said no such thing. I know, because I actually read the report.

Trickle down economics. Instead of letting companies keep more of their money and hope it trickles down, you handing them money and hoping it trickles down. Not much difference really.

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Pushing back the frontiers of ignorance.

Read the article, Prof. No suicide in 2010.

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"Should'a never taken Willoughby out."

Hey, JP, remember what the CBO said in 2005 about the Bush tax cuts for the rich? Funny, I'll bet you weren't touting the "nonpartisan CBO" back then, were you? Just a little hypocrisy going on here.

http://www.cbpp.org/1-25-05bud.htm

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"Should'a never taken Willoughby out."

JP5 isn't quoting the CBO study. She's quoting the Washington Times spin. The study reads quite differently.

CBO: Obama Stimulus Harmful Over Long Haul

I believe JP5 was dissing the CBO when I quoted a similar CBO study awhile back. Out of curiosity, I searched for a post to confirm this but ran across another interesting one instead...

Thank you, Bush? This almost reads like a parody, given the current situation, especially the part about the Bush economy not being a bubble. Such posts are plentiful in the archives. If I had a dollar for every time a Republican touted the "strong" economy a few years ago (never particularly strong even at its best), lower unemployment (never that low), and a growing housing bubble and attributing it to Bush policies, I'd be able to pay off a significant chunk of the debt Bush ran up.

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"You have shown what history teaches us - that at defining moments like this one, the change we need doesn't come from Washington. Change comes to Washington."

- President Barack Obama, 8/28/08

"To the average American who’s struggling, we’re in some other stratosphere. We’re the party of Big Business and Big Oil and the rich."

- Sen. Olympia Snowe (R)

Budget surplus inherited by Bush: $236 billion (CBO, 2000)

Budget deficit inherited by Obama: $1,667 billion (CBO projection, 3/2009)

AND I'll bet YOU were!!!!

Regardless of what they "touted" back then, they've been proven wrong.

116 million taxpayers benefited from Pres. Bush's tax relief. The across-the-board tax cuts provided tax relief to every American who pays income taxes, created a new bottom 10 percent bracket rate, doubled the child tax credit to $1,000, and actually increased the share of the Federal income tax burden paid by the top 10 percent of individual earners from 67 percent in 2000 to 70 percent in 2005. In addition, the Bush Administration removed 13 million low-income earners from the income tax rolls completely. There was 52 straight months of unprecedented growth under Bush.

Tax relief under Bush spurred growth in Federal tax receipts. In fact, the Federal Treasury realized the largest three-year increase of revenue in 26 years, and tax receipts grew more than $542 billion between 2000 and 2007.

We'll have to wait to see if the CBO will be proven wrong in their assessment about Obama's spending plan or not. But so far, it's not looking good.

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"If the President simply adds a couple of Republican solutions to a trillion dollar health care package that the American people don't support, it isn't bi-partisan. It's political cover," Rep Eric Cantor (R-Va.)

Thanks Swede, I knew someone would prove me right.

The CBO is now beloved when it was once hated by conservatives.

Hypocrisy.