|
posted to rec.boats
|
|
external usenet poster
|
|
First recorded activity by BoatBanter: Oct 2010
Posts: 4,021
|
|
the success of the bush tax cuts
On Wed, 08 Jun 2011 01:09:25 -0400, wrote:
On Tue, 07 Jun 2011 20:18:04 -0400, wf3h wrote:
Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the
public debt, 50 percent of the total debt accrued during that time.
Over the past 10 years, the country has spent more than $400 billion
just servicing the debt created by the cuts.
Obama has been in office over 2 years and he had a filibuster proof
senate along with the house for several months. Why didn't the
democrats repeal those cuts? In fact the democrats extended them when
they expired. All Obama had to do was veto that bill.
These are now the Obama tax cuts, along with a 14% cut in the FICA
tax. He had doubled down on the Bush tax policy.
It's a bit more nuanced than that, but basically you're right. The
nuance includes both lack of Dem backbone and Republican
obstructionism (the "filibuster" proof senate isn't much of an
argument, since there are wide range of Dems).
|