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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
Posts: 6,596
Default the success of the bush tax cuts

On 09/06/2011 10:36 AM, wrote:
On Wed, 08 Jun 2011 17:37:30 -0400, wrote:

On Wed, 08 Jun 2011 01:09:25 -0400,
wrote:

On Tue, 07 Jun 2011 20:18:04 -0400, 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.


well no. the budget is the function of the house and it was not
filibuster proof


There is no filibuster in the house, the majority rules and there are
time limits on all debates.
The dems had the majority in the house.

but, then, you simply say it's the black guy's fault


In this case it was. If Obama wanted the Bush tax cuts to expire, all
he had to do was to veto the extension bill.

There was not a veto proof support for the extension

These are now the Obama tax cuts.


Besides, the amounts were talking about, would be like using tooth picks
to save the titanic after its side was riped open. The cuts are not
that much in the $1.6 trillion, $2 trillion US Fed level corruption spend.

The real problem is that DC is living well beyond its means, sort of
like having an income of $10K/mo but spending $25K/mo. Will not last
long before real trouble starts, and in fact it already has. USD has
lost 30% value in just 4 years against the Yuan.
--
Government isn't the solution to the bad economy, it is the problem.