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Stock Market Yo-Yo Watch

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avanti3/05/2009 12:40:01 pm PST

re: #589 subsailor68

Respectfully, your link goes to a trade association article on the “proposed” budget. I think I’ll wait until the budget makes its way through the process to make a decision.

I will note, however, that your linked article indicates the proposed budget is an increase of 4 percent over 2009. In this DoD link, it’s noted that President Bush’s budget was a 7.5 increase over the 2008 budget for DoD.

Heck, if I were a Democrat, I’d use their very argument: “The budget for our department last year had risen 7.5 percent over the year before. This year it’s only 4 percent. What is that, if not a cut?”

Good thing I’m not a Democrat.

I love the way the politicians spin things. First you predict a 10% cut, then when It’s a 4% increase, you claim that’s a cut from a previous increase ?. Increasing the defense budget when the economy is in the tank and while drawing down from Iraq, seems reasonable. Gates was expecting a cut with the Iraq draw down, so I see why the far left is pissed, though I don’t agree .