Skip to comments.Obama’s GDP -.01%?“What difference, at this point,does it make?”deficits aren’t important right?
Posted on 01/31/2013 7:25:12 AM PST by jmaroneps37
Just a day before we learned the GDP fell from + 3.2% (the fairy tale told to us before Novembers election) to -.01%, for the last quarter of 2012, Louisiana Democrat Senator Mary Landrieu pronounced the Obama Administrations wild spending problem something that was made up by Fox News.
Landrieu is one of the head cheer leaders of a new breed of in-your-face Democrat who simply deny anything is wrong with our economy or anything else in America for that matter.
Who are you going to believe; me or your lying eyes? comes to mind. She is joined by a growing number of liberal celebrities whose comments embody Hillary Clintons dismissive What difference, at this point, does it make?
Halfwits like Paul Krugman smugly says the debt problem is mostly solved. Slates Matt Yglesias demands, What sovereign debt crisis? There certainly isnt one in the United States.
Today these deniers have been exposed as the fools they are by the truth. They have been relying on a pack of lies from the liberal Center on Budget and Policy Priorities which has insisted that a combination of economic growth, tax hikes and promised spending cuts have already provided a significant reduction of deficits.
This sounds great but it is the kind of nonsense the simpletons who vote Democrat believe. Heres some truth. Michael Peterson, a non-partisan economist has a different view.
His comments, published in The Hill (which is certainly not a right wing site), pointed out that the fiscal cliff agreement, may have prevented the immediate threats that the fiscal cliff posed to our fragile economic recovery, but we havent remotely fixed the nations debt problem. He added.
.our nation is still heading toward debt levels of 200 percent of GDP and beyond.
(Excerpt) Read more at coachisright.com ...