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The willful ignorance of these right-wingers is outstanding. Not only are they not adjusting for inflation when they make idiotic their "Obama has spent more than all presidents combined" claims, but they ignore the policies of GWB (his wars, his tax cuts, his nuked economy) which continue to effect the national debt to this day.
And the corporate think tanks they get all their "trusted" information from have flipped their brains.
Example,
Billionaire CEO's have 11%-17% effective federal tax rates.
And many middle class/upper middle class Americans have effective federal tax rates of 30%+
And the corporate think tanks tell the republicans "the rich pay all the taxes" (to keep the CEO tax rates low.)
But the think tanks don't give them percentages or actual tax rates, the think tanks give them information about the size of the check mailed to the IRS.
If someone makes $100,000,000 a year and has a 1% tax rate, they send the IRS a $1,000,000 dollar check.
If someone makes $100,000 a year and has a 50% tax rate, they send the IRS a $50,000 dollar check.
One person above has a 1% tax rate, and the other person has a 50% tax rate. And the republican mind believes the rich person with a 1% tax rate is being punished for sending a bigger check to the IRS. And the republican mind believes the person with the 50% tax rate is not paying their fair share of taxes.
And the corporate think tanks they get all their "trusted" information from have flipped their brains.
Example,
Billionaire CEO's have 11%-17% effective federal tax rates.
And many middle class/upper middle class Americans have effective federal tax rates of 30%+
And the corporate think tanks tell republicans "the rich pay all the taxes" (to keep the CEO tax rates low.)
The think tanks don't give them percentages or actual tax rates, the think tanks give them information about the size of the check mailed to the IRS.
If someone makes $100,000,000 a year and has a 1% tax rate, they send the IRS a $1,000,000 dollar check.
If someone makes $100,000 a year and has a 50% tax rate, they send the IRS a $50,000 dollar check.
One person above has a 1% tax rate, and the other person has a 50% tax rate. And the republican mind believes the rich person with a 1% tax rate is being punished for sending a bigger check to the IRS. And the republican mind believes the person with the 50% tax rate is not paying their fair share of taxes.
The willful ignorance of these right-wingers is outstanding. Not only are they not adjusting for inflation when they make idiotic their "Obama has spent more than all presidents combined" claims, but they ignore the policies of GWB (his wars, his tax cuts, his nuked economy) which continue to effect the national debt to this day.
It is not "Bush's wars" since Congress approved it.
After the 2001 and 2003 Bush tax cuts, government revenue increased by $785 billion, the largest 4-year increase in the history of the U.S. In other words, tax cuts don't cause debt; overspending does.
Bush's "nuked economy?" What does that mean and what policies of Bush caused it?
Obama is not "stretching the dollar." The national debt has gone up by more (almost $7 trillion) under Obama than any other president in history.
Your forgetting the fact Clinton handed GW Bush a balanced federal budget. Then GW Bush turned that balanced budget into huge deficits and high debt growth rates (with trickle down tax cuts and a unneeded Iraq war.)
And your also ignoring the causes of Obama's deficits.
"Recession, President Bush’s tax cuts, and the wars in Afghanistan and Iraq explain most of the deficits that have occurred on Obama’s watch — based on the latest Congressional Budget Office projections."
It is not "Bush's wars" since Congress approved it.
After the 2001 and 2003 Bush tax cuts, government revenue increased by $785 billion, the largest 4-year increase in the history of the U.S. In other words, tax cuts don't cause debt; overspending does.
Bush's "nuked economy?" What does that mean and what policies of Bush caused it?
Tax revenues as a percentage of GDP declined immediately after the tax cuts were enacted and only rose (briefly) due to war spending and the massive housing bubble. We know how both of those turned out.
It is not "Bush's wars" since Congress approved it.
After the 2001 and 2003 Bush tax cuts, government revenue increased by $785 billion, the largest 4-year increase in the history of the U.S. In other words, tax cuts don't cause debt; overspending does.
Bush's "nuked economy?" What does that mean and what policies of Bush caused it?
The GW Bush White House said 935 untrue statements/lies to get the Iraq war.
The Afghanistan war is Americas war, but the Iraq war is the GW Bush's White House's war (without the Bush White House's 935 untrue statements about Iraq we never would have invaded Iraq.)
Tax revenues as a percentage of GDP declined immediately after the tax cuts were enacted and only rose (briefly) due to war spending and the massive housing bubble. We know how both of those turned out.
First thats because the GDP climbed, which was far more important since the GDP is what dictates the nations economy, (meaning you JUST admitting the Bush tax cuts stimulated),
and Second, tax revenues as a % of GDP floats around, regardless of the tax rate. Its still rather similar to what it was when we had a 90% tax rate..
Your forgetting the fact Clinton handed GW Bush a balanced federal budget. Then GW Bush turned that balanced budget into huge deficits and high debt growth rates (with trickle down tax cuts and a unneeded Iraq war.)
#3 a recession that started 6 weeks into GWB's term, and declining industrial investment for the past half year of Clinton's presidency
#4 a NASDAQ dot-com bubble that had just blown up
#5 a Housing bubble that started forming in 1997
#6 Deregulation of Glass-Stegall (bipartisan, that Clinton asked for and was proud to sign into law)
The above things that Clinton left hurt the budget and the economy under GWB. GWB handled these Clinton-era messes poorly and made messes of his own...but let's not tell half truths.
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