Comment Re:meaningless (Score 3, Interesting) 517
True. Dollar-parity is just a psychological milestone. What is meaningful is that Bitcoin has increased from about $.05 in September to $1 now.
He just put off the bad economy by using short term loans.
There was far less government borrowing under Clinton than under Reagan/Bush before him or W Bush after him.
http://www.headybrew.net/images/content/budget_deficit_or_surplus.gif
Of course, Obama looks like he'll be borrowing quite a bit more.
"It is better for civilization to be going down the drain than to be coming up it." -- Henry Allen