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Response to COLGATE4 (Original post)

Mon Aug 6, 2012, 03:04 PM

6. He saw a TV commercial he didn't understand.

 

http://www.politifact.com/florida/statements/2012/aug/01/crossroads-gps/crossroads-gps-pins-4-billion-day-debt-obama/


^snip^




Both parties share in the blame for the debt that is set to rise down the road as result of enacting expansions in entitlement programs and tax cuts, and for failing to reach an agreement on how to control rising debt.

The economic downturn explains most of the new debt and that began before Obama took office, Gordon said. The tax cuts that have lowered revenue and increased deficits over the last three years have had bipartisan support, as have nearly every spending bill over the last two years.

"So, it is impossible to attribute the debt to any single politician or party," Gordon told PolitiFact. "Furthermore, the increase in debt tells you nothing about what legislative proposals by the candidates would do in the future -- and it is the future debt growth that matters most."

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Arrow 13 replies Author Time Post
COLGATE4 Aug 2012 OP
jillan Aug 2012 #1
hollysmom Aug 2012 #2
1StrongBlackMan Aug 2012 #8
hollysmom Aug 2012 #9
1StrongBlackMan Aug 2012 #11
hollysmom Aug 2012 #13
JaneQPublic Aug 2012 #3
1StrongBlackMan Aug 2012 #4
sibelian Aug 2012 #5
LineNew Reply He saw a TV commercial he didn't understand.
Motown_Johnny Aug 2012 #6
dballance Aug 2012 #7
SheilaT Aug 2012 #10
just1voice Aug 2012 #12
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