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thewayneGee, ya think? "...54 percent of those surveyed say Bush is responsible for the "current condition" of the economy, compared to just 27 percent who blame Obama. Among self-described independent voters, a key 2012 voting bloc, the number shifts slightly: 49 percent point the finger at the former GOP president, while 24 percent blame Obama."
http://news.yahoo.com/blogs/ticket/voters-blame-bush-more-obama-economy-143014602.html
Here's the stupid thing: when we had a default in the 80's due to an accounting/computer error, THE ADDITIONAL INTEREST NEVER WENT AWAY. It wasn't much, I believe the number that I heard was 0.03%, or maybe 0.3% (yes, hundredths of a percent), but it was on THE ENTIRE DEBT, not just the amount that was defaulted on. I heard a report that studied this specific time frame, and they couldn't see the higher interest rate ever going away due to the constant fluctuations of interest rates.
Congress raised the debt limit SEVEN TIMES for Bush. They'd better get off their butts and raise it for Obama, or they're REALLY going to see an economy tank! They're also going to have to cut sacred cows like defense and some entitlement programs because that's where the real money is, not this nickle and diming that they're trying to pass as substantial cuts.
I think if Congress doesn't raise the debt ceiling they're pretty much going to guarantee a (D) win in next year's elections and could well totally turn the country against them.
http://news.yahoo.com/blogs/ticket/voters-blame-bush-more-obama-economy-143014602.html
Here's the stupid thing: when we had a default in the 80's due to an accounting/computer error, THE ADDITIONAL INTEREST NEVER WENT AWAY. It wasn't much, I believe the number that I heard was 0.03%, or maybe 0.3% (yes, hundredths of a percent), but it was on THE ENTIRE DEBT, not just the amount that was defaulted on. I heard a report that studied this specific time frame, and they couldn't see the higher interest rate ever going away due to the constant fluctuations of interest rates.
Congress raised the debt limit SEVEN TIMES for Bush. They'd better get off their butts and raise it for Obama, or they're REALLY going to see an economy tank! They're also going to have to cut sacred cows like defense and some entitlement programs because that's where the real money is, not this nickle and diming that they're trying to pass as substantial cuts.
I think if Congress doesn't raise the debt ceiling they're pretty much going to guarantee a (D) win in next year's elections and could well totally turn the country against them.
