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Old 06-23-2010, 11:33 PM
 
2,958 posts, read 2,552,371 times
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In 2001 and again in 2003 the Bush administration passed a trillion and a half dollars worth of unfunded tax cuts with half by default going to the upper 1% of taxpayers. Both times they used the reconciliation procedure to prevent a Democratic filibuster.

The national debt doubled while Mr. Bush was in office and now the interest on the debt has climbed to nearly half a trillion dollars each year. When they passed the cuts they scheduled them to expire this year, in 2010 so that if they still had the white house they could renew them and look like heros to their wealthy supporters but if the Democrats were there if they did not renew them they would look like culprits. Now because the Bush administration ran the economy into a ditch nobody can mess with it and so we continue to run up massive debt with Japan, Canada and China. It's like we have five maxed out credit cards but still have to continue to borrow in order to feed the family.

I would like to remind you that when Bill Clinton left office the congress and administration was arguing about how to spend the surplus.
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Old 06-23-2010, 11:44 PM
 
Location: Not far from Fairbanks, AK
20,259 posts, read 36,969,520 times
Reputation: 16380
Quote:
Originally Posted by Melvin.George View Post
In 2001 and again in 2003 the Bush administration passed a trillion and a half dollars worth of unfunded tax cuts with half by default going to the upper 1% of taxpayers. Both times they used the reconciliation procedure to prevent a Democratic filibuster.

The national debt doubled while Mr. Bush was in office and now the interest on the debt has climbed to nearly half a trillion dollars each year. When they passed the cuts they scheduled them to expire this year, in 2010 so that if they still had the white house they could renew them and look like heros to their wealthy supporters but if the Democrats were there if they did not renew them they would look like culprits. Now because the Bush administration ran the economy into a ditch nobody can mess with it and so we continue to run up massive debt with Japan, Canada and China. It's like we have five maxed out credit cards but still have to continue to borrow in order to feed the family.

I would like to remind you that when Bill Clinton left office the congress and administration was arguing about how to spend the surplus.
However, while it took Bush eight years to cause all that damage, Obama has tripled spending within a year in office. Just last week Obama's spending reached and surpassed the national GDP. Should we blame Bush for that too? Also, are you aware that spending in Greece reached 180% over their GDP?
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Old 06-23-2010, 11:49 PM
 
Location: Terra firma
1,372 posts, read 1,544,702 times
Reputation: 1122
Haven't you figured it out yet Melvin? Republicans can do no wrong. That's just the way it is. The rest of us should simply take O'Reilley's oft-proffered advice and just "shut up."
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Old 06-23-2010, 11:49 PM
 
Location: Texas
44,256 posts, read 64,142,036 times
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Also, don't rest on the laurels of that mythical surplus. And it was Clinton who allowed the policies to go into place that led to the economy failing.

The egg is on a lot of faces here. Thanks for trying to make it partisan! That's so very useful!
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Old 06-23-2010, 11:52 PM
 
Location: Not far from Fairbanks, AK
20,259 posts, read 36,969,520 times
Reputation: 16380
Quote:
Originally Posted by Zekester View Post
Haven't you figured it out yet Melvin? Republicans can do no wrong. That's just the way it is. The rest of us should just take O'Reilley's oft-proffered advice and simply "shut up."
Oh, no. Both the Republicans and the Democrats in Congress (and the White House) are as guilty. But considering that the Democrats controlled Congress for nearly five decades prior to 1994, you can't just blame the mess we have today on the Republicans alone.
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Old 06-24-2010, 02:29 AM
 
30,873 posts, read 36,800,350 times
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Quote:
Originally Posted by RayinAK View Post
However, while it took Bush eight years to cause all that damage, Obama has tripled spending within a year in office. Just last week Obama's spending reached and surpassed the national GDP. Should we blame Bush for that too? Also, are you aware that spending in Greece reached 180% over their GDP?
I'll second what Ray is saying. And I'd actually point out to the OP that Canada's debt as a percent of their GDP is actually low compared with other developed countries and they are not currently running up huge deficits like the US, the UK, and Japan are.
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Old 06-24-2010, 02:30 AM
 
30,873 posts, read 36,800,350 times
Reputation: 34446
Quote:
Originally Posted by Zekester View Post
Haven't you figured it out yet Melvin? Republicans can do no wrong. That's just the way it is. The rest of us should simply take O'Reilley's oft-proffered advice and just "shut up."
And if you're honest, you'll admit Dems are the same about their party.
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Old 06-24-2010, 02:59 AM
 
Location: Columbus
4,877 posts, read 4,494,483 times
Reputation: 1450
Quote:
Originally Posted by Melvin.George View Post
In 2001 and again in 2003 the Bush administration passed a trillion and a half dollars worth of unfunded tax cuts with half by default going to the upper 1% of taxpayers. Both times they used the reconciliation procedure to prevent a Democratic filibuster.

The national debt doubled while Mr. Bush was in office and now the interest on the debt has climbed to nearly half a trillion dollars each year. When they passed the cuts they scheduled them to expire this year, in 2010 so that if they still had the white house they could renew them and look like heros to their wealthy supporters but if the Democrats were there if they did not renew them they would look like culprits. Now because the Bush administration ran the economy into a ditch nobody can mess with it and so we continue to run up massive debt with Japan, Canada and China. It's like we have five maxed out credit cards but still have to continue to borrow in order to feed the family.

I would like to remind you that when Bill Clinton left office the congress and administration was arguing about how to spend the surplus.
When Bill Clinton left office Republicans were in charge of the budget. When George Bush left office Democrats were in charge of the budget.

Just sayin'
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Old 06-24-2010, 07:02 AM
 
29,972 posts, read 18,533,328 times
Reputation: 20738
Quote:
Originally Posted by Melvin.George View Post
In 2001 and again in 2003 the Bush administration passed a trillion and a half dollars worth of unfunded tax cuts with half by default going to the upper 1% of taxpayers. Both times they used the reconciliation procedure to prevent a Democratic filibuster.

The national debt doubled while Mr. Bush was in office and now the interest on the debt has climbed to nearly half a trillion dollars each year. When they passed the cuts they scheduled them to expire this year, in 2010 so that if they still had the white house they could renew them and look like heros to their wealthy supporters but if the Democrats were there if they did not renew them they would look like culprits. Now because the Bush administration ran the economy into a ditch nobody can mess with it and so we continue to run up massive debt with Japan, Canada and China. It's like we have five maxed out credit cards but still have to continue to borrow in order to feed the family.

I would like to remind you that when Bill Clinton left office the congress and administration was arguing about how to spend the surplus.

1. Do we have to debunk the myth of the Clinton surplus again? Clinton INCREASED the national debt EVERY YEAR he was president.

2. Bush increased the debt and spent money like a drunken sailor. Bush was a fiscal liberal.

3. Obama's level of spending makes Bush look like a marked fiscal conservative. Obama's spending is 3-4 times that of Bush on a daily basis.

4. Obama has the ability (with his dem senate and congress) to cut taxes if he chooses. If he chooses not to do so, he should stand by his decision and not be afraid to face the consequences. That is what big boys do.

5. We need massive CUTS IN SPENDING to avoid insolvency. This will require austerity measures, as is being realized in Europe. What does Obama do? INCREASES spending and massively ADDING to debt!!?!?!? The man is insane and is assuring insolvency. The party is over- cut everyhere- we are broke. What type of idiot adds a $3.2 trillion entitlement in Obamacare in this environment?
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Old 06-24-2010, 07:21 AM
 
Location: Londonderry, NH
41,478 posts, read 59,594,003 times
Reputation: 24858
I suggest following the money trail. The companies collecting the interest on the debt are the parties that are guilty of the excessive spending.
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