abandonconflict
Well-Known Member
The only thing useful about the debt as a measurement is that it is plain for all to see. It is exactly like that mound of discarded clam shells.
Another example here as to why the debt can be a terrible measurement of fiscal and budget policy. If the deficit that Obama inherited, which was over 2t annually, had been allowed to continue unabated, Obama would have left office having presided over a 16T increase in debt. However, despite having seen the great recession fall during his terms, only a little over half of that was added to the debt. Even that can be deceptive because you might be led to conclude that he cut the deficit in half.
By the end of his terms in office, the deficit was under 300b.
Take numbers like that to someone who would view our economy as a medical patient and they will call Obama a doctor. Derive from this who makes us fucking sick.
Another example here as to why the debt can be a terrible measurement of fiscal and budget policy. If the deficit that Obama inherited, which was over 2t annually, had been allowed to continue unabated, Obama would have left office having presided over a 16T increase in debt. However, despite having seen the great recession fall during his terms, only a little over half of that was added to the debt. Even that can be deceptive because you might be led to conclude that he cut the deficit in half.
By the end of his terms in office, the deficit was under 300b.
Take numbers like that to someone who would view our economy as a medical patient and they will call Obama a doctor. Derive from this who makes us fucking sick.