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Old 08-15-2011, 04:30 PM
 
2,539 posts, read 2,308,817 times
Reputation: 492

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80% of our national debt comes from Reagan, Bush and Bush II.

The two biggest culprits now are those Bush wars and the Bush tax cuts.

The economic downturn caused by reckless deregulation during the Bush Administration is another big factor.

It might shock you to learn that Congress is about to pass another big wall street bailout. The conservatives call it an extension of tax cuts.

This ‘tax-cut for the wealthy’ bill amounts to an astronomically larger debt than 5 stimulus packages or healthcare bills would have.

The recipients of this tax cut are the very, very wealthiest Americans.



Spiraling Debt on Republicans, but Lying Works Too | The Nevada View
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Old 08-15-2011, 04:39 PM
 
Location: Lafayette, Louisiana
14,095 posts, read 22,978,253 times
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Except that Congress sets the budget and through the majority of those years the Democratic party held the majority of Congress.
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Old 08-15-2011, 04:43 PM
 
2,539 posts, read 2,308,817 times
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Quote:
Originally Posted by sailordave View Post
Except that Congress sets the budget and through the majority of those years the Democratic party held the majority of Congress.
The Republicans and a few stupid Dems followed the war monger and corporatists presidents in office who were beat the drums.
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Old 08-15-2011, 04:49 PM
 
Location: Austin
28,985 posts, read 15,539,336 times
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Originally Posted by freefall View Post
The Republicans and a few stupid Dems followed the war monger and corporatists presidents in office who were beat the drums.

I assume you are referring to the stupid war monger in the White House today... who refuses to end the wars as he promised.... and continues to waste hundreds of billions on three useless wars.
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Old 08-15-2011, 04:53 PM
 
Location: Exeter, NH
5,200 posts, read 4,207,354 times
Reputation: 5454
Granted Reagan and Bush spent far too much, but Obama is taking a bad situation and making it infinitely worse. Even seeing it fail, Obama is not intelligent enough to try something different. He is the definition of insanity: keep doing the same thing, and hoping for a different result.

And since no amount of government spending can make up for a dysfunctional economy that has been gutted of it's economic engine (manufacturing) and had its jobs sent overseas, MORE government spending is the WORST thing we should be doing. Extending unemployment benefits for yet another year won't "fix" anything. All that does it put us in depressed stasis for another year.

What WILL work is to reduce our bloated, overgrown Big Government to levels where it can no longer over-regulate small business into bankruptcy, while taxing the working class into poverty. Our current Big Government serves only Big Business, which thrives during the constant Recessions that drive all smaller competition out of business. Only by a healthy small and mid-sized business climate can the citizen have opportunity and prosperity--and a healthy job market.

We will never see economic recovery under the current economic system, no matter how long we wait, or how much Big Government spends. The jobs are gone, and the industry is now overseas. We are becoming slaves to other nations, as our own government endlessly spends and wages senseless wars and devalues the currency to pay for it all.
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Old 08-15-2011, 04:56 PM
 
2,539 posts, read 2,308,817 times
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Quote:
Originally Posted by Roadking2003 View Post
I assume you are referring to the stupid war monger in the White House today... who refuses to end the wars as he promised.... and continues to waste hundreds of billions on three useless wars.
He is one of the stupid ones who follow the war mongers.
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Old 08-15-2011, 04:56 PM
 
1,309 posts, read 2,889,718 times
Reputation: 941
Quote:
Originally Posted by freefall View Post
80% of our national debt comes from Reagan, Bush and Bush II.

The two biggest culprits now are those Bush wars and the Bush tax cuts.

The economic downturn caused by reckless deregulation during the Bush Administration is another big factor.

It might shock you to learn that Congress is about to pass another big wall street bailout. The conservatives call it an extension of tax cuts.

This ‘tax-cut for the wealthy’ bill amounts to an astronomically larger debt than 5 stimulus packages or healthcare bills would have.

The recipients of this tax cut are the very, very wealthiest Americans.



Spiraling Debt on Republicans, but Lying Works Too | The Nevada View
Another way of putting that is that 80% of our debt was accumulated over 20 years, or about 4% a year. Obama has added 20% over 2 years, which is 10% a year. Note that presidents don't rule by decree - Congress appropriates the funds. And which party has held Congress for the majority of this time period? The Democrats.
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Old 08-15-2011, 05:03 PM
 
4,172 posts, read 5,858,932 times
Reputation: 1199
Quote:
Originally Posted by Zhang Fei View Post
Another way of putting that is that 80% of our debt was accumulated over 20 years, or about 4% a year. Obama has added 20% over 2 years, which is 10% a year. Note that presidents don't rule by decree - Congress appropriates the funds. And which party has held Congress for the majority of this time period? The Democrats.
So, where were the t-nuts before 2008? I guess they obeyed "deficits dont matter" pronouncements from Dick Cheney??
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Old 08-15-2011, 05:27 PM
 
Location: Chicagoland
41,314 posts, read 38,488,254 times
Reputation: 7106
Quote:
Originally Posted by freefall View Post
80% of our national debt comes from Reagan, Bush and Bush II.

The two biggest culprits now are those Bush wars and the Bush tax cuts.

The economic downturn caused by reckless deregulation during the Bush Administration is another big factor.

It might shock you to learn that Congress is about to pass another big wall street bailout. The conservatives call it an extension of tax cuts.

This ‘tax-cut for the wealthy’ bill amounts to an astronomically larger debt than 5 stimulus packages or healthcare bills would have.

The recipients of this tax cut are the very, very wealthiest Americans.



Spiraling Debt on Republicans, but Lying Works Too | The Nevada View
Sorry, but obama's stimulus cost more than the war(s).

The Bush tax cuts have been the status quo for a decade. There is NO cost..unless you believe that ALL incomes belongs to the federal government.
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Old 08-15-2011, 05:28 PM
 
Location: USA
16,570 posts, read 16,245,596 times
Reputation: 12528
Facts and Charts are for elitists!
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