"Obama May Produce First $1 Trillion Deficit, Pimco's Gross Says "

still_one

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Mon Jun-30-08 10:38 AM
Original message

"Obama May Produce First $1 Trillion Deficit, Pimco's Gross Says "

"Republicans ``will blame you for years and label you `Trillion-Dollar Obama,''' Gross said. ``There is, in fact, not much that you or any other President can do.''"

Who in the hell laid the foundation for this bullshit Bill? THE BUSH ADMINISTRATION!!!

Haven't done too well on your bonds have you?

http://www.bloomberg.com/apps/news?pid=20601087&sid=agZRgoesQxmQ&refer=home

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LiberalAndProud

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Mon Jun-30-08 10:46 AM
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1. It's a done deal. Bush bought it, but the next POTUS will inherit the

bill.

With the deficit already pushing $500 billion even before the next president is sworn in, Gross anticipates it will reach $1 trillion deficit by 2011.

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rox63

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Mon Jun-30-08 10:47 AM
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2. The last Democratic president balanced the budget, and started paying down the debt

Edited on Mon Jun-30-08 10:47 AM by rox63

While recent Republican presidents have enlarged the deficit and the national debt. This is such bullshit! :grr: :banghead:

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gilpo

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Mon Jun-30-08 10:52 AM
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3. "Who in the hell laid the foundation for this bullshit Bill?" Ray-gun imho. nt

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spanone

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Mon Jun-30-08 10:53 AM
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4. obama will inherit a virtual shitstorm

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Occam Bandage

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Mon Jun-30-08 10:55 AM
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5. The next President, whoever it is, will have to be very, very competent (and lucky) to avoid being

remembered as one of the biggest disasters of all time. Things are going very downhill very fast, and there's only so long that the public will buy "it's the last guy's fault."

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