ducks
09-10-2010, 06:32 PM
http://news.yahoo.com/s/ap/us_obama_fact_check
Last August he predicted: "The American people are going to be glad that we acted to change an unsustainable system so that more people have coverage, we're bending the cost curve, and we're getting insurance reforms."
On Friday, he conceded: "Bending the cost curve on health care is hard to do." The goal: "Slowly bring down those costs.":lmao:lmao BACKPEDDALLING
But the surpluses the government foresaw in 2001 were based on a bubble economy that was bound to burst. And the deficit Obama inherited was only partly from Bush's fiscal policies. FACT!!!!!!!!!!!!!!!!!!!!!!!
Mostly it was a result of a recession that sapped tax revenues, increased the costs of safety net programs and demanded more government spending to stimulate the economy. As recently as 2007, the budget deficit was just $161.5 billion. The current annual deficit is now an estimated $1.5 trillion. ___
Last August he predicted: "The American people are going to be glad that we acted to change an unsustainable system so that more people have coverage, we're bending the cost curve, and we're getting insurance reforms."
On Friday, he conceded: "Bending the cost curve on health care is hard to do." The goal: "Slowly bring down those costs.":lmao:lmao BACKPEDDALLING
But the surpluses the government foresaw in 2001 were based on a bubble economy that was bound to burst. And the deficit Obama inherited was only partly from Bush's fiscal policies. FACT!!!!!!!!!!!!!!!!!!!!!!!
Mostly it was a result of a recession that sapped tax revenues, increased the costs of safety net programs and demanded more government spending to stimulate the economy. As recently as 2007, the budget deficit was just $161.5 billion. The current annual deficit is now an estimated $1.5 trillion. ___