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Live Video: Obama on the Downgrade

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Sir John Barron8/08/2011 12:24:17 pm PDT

re: #220 RogueOne

It isn’t about screwing over anyone. Our budget has increased almost 1/3 in 3 years. We’re now spending a trillion dollars more a year than we were in 2008 and running a $1.5 trillion/year deficit. We can’t afford it. That’s the whole argument.

The poor economy is driving the deficit. The stimulus is already spent. So wingnuts can’t claim that as the problem anymore. And beyond that, what extra spending, other than our wars, has there been?

And just to repeat, we had a balanced budget in 2000. We don’t now. One of the things we did after 2000 was cut taxes. And occupy a couple of foreign countries. The poor aren’t responsible for that.