Political Cartoon: Burning Through Debt
Wednesday, February 17th, 2010 at
12:35 pm
From MIchael Ramirez (click for a larger version):
Why does Obama think he can avoid the same fate while piling up the same kind of debt?
Filed under: Doug • Economics & Taxes
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There are two explanations.
One, Obama thinks that his Keynesian demand-side economics will grow the economy enough to overcome the deficit. Yeah I know, you’re laughing, but it’s possible.
Two, Obama knows his policies will result in permanently high deficits and doesn’t care. He wants to turn us into a European style system so bad he’s willing to sacrifice our future for that goal.
Actually, if it’s #2, he thinks this is a good thing and that he’s not sacrificing anything, regardless of how pitiful our economy winds up. That’s the problem with Obama in the White House; he really thinks following Europe into the pit is a good thing.