Medicare up 36% in 2 years to 273 billion.Jobless benefits up from 43 billion to 160 billion.Food stamps risen 80% to 70 billion.Welfare up 24% to 22 billion.
See Obama really does care about us, well at least one class of us.
Really, dude? Now, the "16 trillion dollar deficit" is all on Obama? Come on. You can't be that stupid.
That's almost as dumb as offering massive tax cuts to the rich, starting an expensive prescription drug plan to fund Big Pharma, starting two wars to feed the military contractors ... and then not putting any of that on the books ... and then blaming the next guy.
... he promised to lower the deficit but has increased it by trillions.
Well maybe with the help of congress, oh wait...
The Chinese are gonna have to step it up if they want to make us their slaves by buying our debt, since they currently own just over 6% it.
I can't tell if you're serious or not, but some people actually believe that the Chinese ownership of 6% of our debt is a threat to our sovereignty - so either way it's a joke.
The funny part is that if the Chinese were to cash in their bonds at the US Treasury window, they would get dollars in return. So they would go from holding interest-bearing paper to non-interest bearing paper.
Your friend needs to educate himself about the workings of sovereign finance in a country that prints its own currency and is on a floating exchange rate.
Here's a start.
To balance the budget:
A. Raise taxesB. Cut spendingC. Both A & BD. Neither A or B (deficits do not matter)
Romney's real plan.
Promise to balance the budget.
Run bigger deficits than Obama.