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the success of the bush tax cuts
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Canuck57[_9_]
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First recorded activity by BoatBanter: Oct 2009
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the success of the bush tax cuts
On 08/06/2011 3:38 PM, wf3h wrote:
On Tue, 07 Jun 2011 23:32:11 -0700,
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. 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).
now THAT is strue. as folks point out, the dems are far less united in
their hatred of the middle class than the GOP is. the 1st order of
business of the GOP is to destroy the middle class
But the democrats beat the GOP to it, at $14.5 trillion, me thinks
unless something very radical changes, count US DC bankrupt and in
spiral debt.
US will not do a Portugal or Greece, they will go more like Zimbabwe,
hyperinflation devaluing wages and incomes. US Fed is bankrupt, its
biggest credit can't pay the bills the only solution since 2008 is to
create new inflationary debt dollars hand over fist, faster than toilet
paper actually.
Huge fraud on the people by its own government. Yep, DC is slowly
screwing all Americans. That is why 74% of the Whitehouse staff got a
9% or better raise last year.
Trouble really boils down to flea baggers like yourself supporting the
very people that screw you. Too damned stupid to see the obvious.
--
Government isn't the solution to the bad economy, it is the problem.
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