FDR, 1936:
Obama, 2012:
I’m going to cut $4 trillion from the budget during a recession to show the bond market what a good boy I am!
Oh, and what Digby said.
Acceptance speech
One thought on “Acceptance speech”
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FDR, 1936:
Obama, 2012:
I’m going to cut $4 trillion from the budget during a recession to show the bond market what a good boy I am!
Oh, and what Digby said.
Comments are closed.
That’s $4 trillion over 10 years. Or $400 billion each year. Do you know that if you suspended the debt service (the interset we pay on our debt each year) on the national debt for 10 years the total would be $3.5 trillion dollars? Maybe that’s what Obama has in mind?