For the record
For the record
With all due respect to the gentleman from Pillager who makes a habit of getting his incorrect email forwards published by the Dispatch, his most recent letter (‘Obama-nomics’, Aug. 5,) must be exposed for the fraud that it is.
The letter stated the national debt has doubled under Obama’s term. What it doesn’t say is how this came to be: 1. The cost of buying votes of the elderly through the passage of the Medicare Plan B bill, passed with Republican approval and signed into law during President Bush’s tenure; 2. the tab of the conflict in Iraq (between $3-4 trillion) being put on the books instead of continually sweeping it under the rug; 3. the cost of TARP, passed during President Bush’s term; and 4. an inherited conflict on Afghanistan that couldn’t be stopped on a dime. But let us also not forget that the economy was on the brink of collapse in 2008. When job losses were in the hundreds of thousands each month (and a 60 year record of 2.6 million for 2008), it should come as no surprise that president Obama tried to implement some measures to stop the hemorrhaging, lest he be remembered as being the Herbert Hoover of his generation.
These actions aren’t free. And controversial as the stimulus was, the economy has slowly rebounded, which is a far healthier position than the precipice of January 2009.
I don’t recall much criticism when the bulk of the aforementioned expenses were implemented pre-Obama.
Where was the Tea Party during all this? In fact, it was another Republican (Reagan) who declared the deficit (which leads to the debt) “is big enough to take care of itself.” Where was the concern, then? Isn’t it just as concerning that any hint of a tax increase to help alleviate the annual deficits, even when countered 10:1 with spending cuts is suggested, prominent Republicans have scoffed?