The President said today we we can’t cut the budget because South Korean children are outpacing our kids in math and science. The problem with that is South Koreans spend $5,437 per primary-school pupil – we spend $10,229 per student. I don’t think money is the problem, or the solution.
The biggest advantage the Paul Ryan budget solution plan has over other plans?
There are no other budget solution plans.
The odd effect of this ad, which was banned in the early ’80s, is that is makes one nostalgic for a time when the deficit was only $2 trillion dollars.
Obama stands to make previous Federal deficits look miniscule. From CBS:
New numbers posted today on the Treasury Department website show the National Debt has increased by more than $3 trillion since President Obama took office.
The National Debt stood at $10.626 trillion the day Mr. Obama was inaugurated. The Bureau of Public Debt reported today that the National Debt had hit an all time high of $13.665 trillion.
The Debt increased $4.9 trillion during President Bush’s two terms. The Administration has projected the National Debt will soar in Mr. Obama’s fourth year in office to nearly $16.5-trillion in 2012. That’s more than 100 percent of the value of the nation’s economy and $5.9-trillion above what it was his first day on the job.
How many more years of this administration can we afford?
This exchange between the clueless incumbent Maurice Dunlea Hinchey (New York) and challenger George Phillips pretty much typifies the entire 2010 Congressional Race and what is at stake this November: