Exhibit 27.16

This Seems Relevant

Calculations by the nonpartisan Congressional Budget Office and other independent fiscal experts show that the $1.1 trillion cost over the next 10 years of the Medicare prescription drug program, which the Republican-controlled Congress adopted in 2003, by itself would add more to the deficit than the combined costs of the bailout, the stimulus and the health care law.
From this New York Times article.

It's a little bit of a cheat as the health care bill actually reduces the deficit (due to spending cuts and tax increases) and so much of the bailout got paid back--plus the stimulus and bailouts were both one-time expenditures, not things that ostensibly benefit us for 10 years--but it seems like the sort of thing your average Democrat might want to mention every so often.

I know it's old hat by now, but it continues to be depressing how poorly the Democrats articulate their vision and successes. Like most us of, I don't want politics to be a debate contest instead of an arena where legitimate disagreements are resolved, but damnit if the people I (mostly) agree with are going to play this game, I suppose I at least want them to play it well.

It's unclear if the Democrats think they still live in a world where people trust the media to correct false narratives--not that I believe there ever was such a world--or if they really are so insecure in their own opinions that they feel it necessary to respond inarticulately to the 35 to 50 percent of people who will never vote for them anyway.

I mean, is it really so hard to defend the stimulus? Your opponent says spending, you say jobs. The end.

The rhetoric is on your side (jobs beats spending beats scissors). The facts are on your side (unemployment would be higher without it). History is on your side (1932). The world is on your side (most major economies did some kind of stimulus and, not surprisingly, the more they did the better they came out of the recession).

Now, I realize you're not going to want to stand up in front of your opponent who calls the president a socialist and say we needed to do what China did, but would it really be so much worse than the equivocating and the apologizing?

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