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Echoes and Mirrors» Blog Archive » this is exactly what those damn economists have been saying would happen.

this is exactly what those damn economists have been saying would happen.

George Bush and $490 Billion dollar deficit:

Sure the $170 Billion Stimulus Package increased the deficit drastically, but only because we Americans aren’t doing our jobs. That Stimulus Plan was supposed to boost our economy, not slow it down next year. The problem is, like a girl from the dirty-Jerse who had too much to drink on a Saturday night in the City, we blew it. Instead of spending the money on material goods that would spur the economy, we spent it on stupid things like our Visa bills. If we had spent the money on other, non-necessities like plasma TVs like we were supposed to, we would be rolling in economic bliss. Instead of taking a page from the government and incurring huge amounts of debt with no foreseeable way to break even, we foolishly squandered our Stimulus loans payments on mortgages (thanks again Fannie Mae).

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