August 23, 2010 CHART OF THE DAY: Deficits, With And Without The Iraq War. “Do you see alarming deficits or trends from 2003 through 2007 in the above chart? No. In fact, the trend through 2007 is shrinking deficits. What you see is a significant upward tick in 2008, and then an explosion in 2009. Now, what might have happened between 2007 and 2008, and then 2009? Democrats taking over both houses of Congress, and then the presidency, was what happened. Republicans wrote the budgets for the fiscal years through 2007. Congressional Democrats wrote the budgets for FY 2008 and on."
What did America get for all this increased Deficit Spending:
Higher Unemployment
Lower Stock Market
More Government Employees
Higher Mortgage Defaults
Less Money in the market for Business Loans
Lower Home Values
Lost Retirement Plans
A "Fundamentally Changed America"
Very little hope
Mrs. Obama is finally proud of America
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