re: #412 Obdicut

1 or 2 percent of GDP is an absolutely massive number.

Indeed it is, but still not going to get you out of trouble if the deficit is 10% of GDP. And I doubt whether increases in rates would actually yield that much anyway.

What do you mean by ‘Obama-type spending’? Are you somehow intimating that Obama is spending more than Bush?

I think the budget he submitted, and which was voted down 97-0 in the Senate, was for about a trillion more in spending than the last year before the Pelosi congress.

As I said before, I wasn’t happy to see how much spending went up under a Republican President and a Republican controlled Congress. Spending an extra trillion a year of borrowed / printed money is just grotesque.

Point is, you can see what Obama would like to do spending / squandering-wise if the dems still had control of the House.