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To: Pessimist

“I look at the things going on now and think they’re a “first”, but they aren’t.”

FDR’s administration was just a beta test for Obama’s. Even FDR never exploded federal debt as a percent of GDP to the levels advocated by this administration.


17 posted on 10/14/2010 1:05:39 PM PDT by DrC
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To: DrC
"Even FDR never exploded federal debt as a percent of GDP to the levels advocated by this administration."

Yes he did, but it was at the end of the Second World War, and it took the US 40 years to reduce national debt back to levels of just before that war.

The most insane part of today's deficit spending is that it goes for no apparent purpose beyond paying off the Democrats' political supporters.

22 posted on 10/14/2010 3:17:39 PM PDT by BroJoeK (a little historical perspective....)
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