Thursday, December 10, 2009

Quote of the Day



"You know, look. The purpose of this [the Troubled Asset Relief Program (TARP)] was to stabilize the financial sector, which it did. And then, the intention was that any unspent monies or any money that was returned to the taxpayers would go to deficit reduction. Since President Obama came to office, the federal deficit has grown by $1.46 trillion. That is 1,460 billions of dollars."

Karl Rove, on Fox and Friends

Boy that is a big whopper of a lie. The Congressional Budget Office reports the federal deficit was $1.2 billion on January 7,2009. The date was shortly before President Obama was sworn into office. I am less than thrilled with Obama's lack of fiscal conservatism. However, for Rove to blame Obama for the deficit takes brass balls.

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