except that i didnt. i said bush was only responsible for roughly 2.5 and obama 1...
i said counterfeit money is not real, which is what the fed does. along with the fractional reserve system... wow...
here is the question-
1- was it reasonable, regardless of his responsibility in spending, to leave with that much debt?
2- what was the context of the spending?
also, the president is not solely responsible. especially for debt accumulated under a different president. but he or she is responsible for eventually lowering the debt, at least in the future or even present. this is why i said context.
i personally would find it hard to blame obama for not reducing debt yet in a depression. no consumer spending, plus no corporate spending, plus no govt spending equals a disaster.
and like i said, bowles simpson not passing is the fault of both parties.
...
even if bush is not responsible for all 10 trill, its still immoral to leave with that much debt considering the context.
you can argue away at obama with bowles simpson. hes partly to blame. but you cant stop spending dramatically in a depression.
and just like bush cant stop structural debt from clinton, obama cant stop structural debt from bush. YOU NEED THIS THING CALLED CONGRESS....