Wednesday, October 17, 2012

pres 2

As many of you know the second Presidential debate of 2012 aired last night. While there were many note worthy things said I will only choose one to copy and paste.


(OBAMA: "Let's take the money that we've been spending on war over the last decade to rebuild America, roads, bridges, schools. We do those things, not only is your future going to be bright, but America's future is going to be bright as well."
THE FACTS: What Obama didn't mention is that much of the money that has been paying for the wars in Iraq and Afghanistan was borrowed. In fact, the government borrows nearly 40 cents for every dollar it spends. Thus, using money that had been earmarked for wars to build schools and infrastructure would involve even more borrowing, adding to the federal deficit. ) ( through) was taken from this article from yahoo news http://news.yahoo.com/fact-check-stumbles-latest-presidential-debate-015330844--election.html
So alot of that money Obama was talking about wasn't even ours to begin with. So he will continue to borrower money to rebuild as he said. This country does not need to be on any more debt, therefore this is a bad idea.  

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