The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Sunday, December 27, 2015

GOP And The Deficit?

A post-Christmas visit from Mike Victor. And, a timely one at that.

Mike Victor

The deficit fell from 9.8% of GDP in 2009 to 2.8% recently. Although any positive deficit is bad since it adds to the debt, it's obviously better to slow  Obama administration as the government had to continue TARP and do some stimulus spending to reverse the Bush Great Recession).

But to argue that the debt started or the deficit worsened under Obama or that the size of government increased is simply lying. There is no other, gentler way to put it. It's not quite the same magnitude of lie as the idea that 5% unemployment is evidence of a terrible economy, ObamaCare represents a government takeover of healthcare, or that 4 dead in Benghazi under Obama represent a greater scandal that 3,000 dead on 9/11/01 under Bush, but it's close.

The upcoming budget and tax deals make it clear.

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