[quote=stansd]An Obama administration backed by a democratic congress would pass huge amounts of legislation with disastrous long term consequences (taxes, health care, bank/personal bailouts). The government’s balance sheet will move from scary large to teetering on collapse.
I’ll throw this out there. Obama wins, and in Fiscal 2009, the national deficit exceeds $1 trillion (frankly, wouldn’t surprise me if we hit $1.5 trillion).
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Hmm, are you aware that our last democratic president got the country with $290 billion deficit and left it with $233 billion surplus?
