Tuesday, January 31, 2012

The first rule of holes

The first rule of holes: When you're in a hole, stop digging ...
A perfect example of the sad state of affairs in Washington, D.C. The Congressional Budget Office predicts the Obama Administration will run a $1.1 trillion deficit in the fiscal year that ends in September. It would be the third straight year Obama has run up deficits of more than $1 trillion but the $1.1 trillion is slightly lower than the last deficit Obama ran. You call this good news? For the record, Obama inherited a $10.6 trillion national debt from George W. Bush. The national debt today is $15.2 trillion ... and rising every second.

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