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Investment Analysis Clubs / The BMW Method


Subject:  Re: Bargain hunting Date:  11/30/2012  5:53 PM
Author:  JGBFool Number:  40829 of 42233

it is Congress who authorizes spending our money....not the President. So when I hear someone talk about surpluses or deficits by President, or President "X's" economy, it just doesn't make a lot of sense to me.

The President submits the budget to Congress, then they tack on pork and authorize it.
If it doesn't make sense that people talk about surpluses or deficits by a President, then why is the current President so frequently blamed for the deficit? (Often those pointing the fingers are ones who were strangely silent about the deficit during the previous President's terms.)
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