jim" "sjedgingN0Sp wrote:
HeyBub wrote:


I wouldn't say exactly that. The budget deficit in 2007 was $110
billion. The budget deficit for the year ending Sept 30th was $1.4
trillion. For the entire eight years of the Bush administration, the
combined budget deficits were about $800 billion. Obama has
quadrupled that amount in only three years.

Assuming Obama inherited a mess, he's made it worse. Far worse.
Almost impossibly worse.

You are assuming the federal budget deficit is a problem.

The federal budget is not causing the economic slow down.
The fedreal budget deficit is the only thing preventing
a full scale depression bigger than the depresion of the 30's.

It is private sector mismanagement of credit and debt
that has been pushing the US into a depression.
The federal deficit is the only thing preventing the depression
from happening.

This is not theory. This is what you will see as fact when
the effort is made to reduce the deficit. Economic collapse.

The fact that 15% of workers cannot find suitable employment tells
you the federal deficit is now way too small.

When Congress makes the deficit smaller then millions more in the US
will become out of work.

Well, that's the story and the administration is sticking to it.

If Congress tries to balance the budget there may be
50% of the workforce unemployed.

Inasmuch as the federal payroll has increased 40% since 2007, a rise in the
number of drones might not be so bad. It would leave some room for the
worker bees to thrive.