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Old 01-29-2013, 06:47 AM   #30
Direckshun Direckshun is online now
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Join Date: Oct 2006
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Quote:
Originally Posted by scho63 View Post
So spending a TRILLION dollars more each year than you take in is NOT overspending?

What math class did you take???
No, it's overspending. But it's overspending based on a one-off event (well, two one-off events), not based on hopelessly imbalanced budgeting.

We were already a few hundred billion in the red prior to the recession due to the Bush tax cuts, Medicare Part D, and two wars on the credit card. The reason we went a trillion in the red in 2008/09 was because a shit ton of payroll dropped off and went straight to welfare.

That's starting to right itself now.
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