The Republicans Have Become the Party of Debt

[Fleet]

Originally Posted by chad3

Bill Clinton was president from 1993-2001.
1993 tax revenues- $1,154 trillion
2001 tax revenues- $1,991 trillion
-Clinton revenue increase- $837 billion

GW Bush was president 2001-2009.
2001 tax revenues- $1,991 trillion
2009 tax revenues- $2,105 trillion
-Bush revenue increase- $114 billion

Obama was president 2009-2017.
2009 tax revenues- 2,105 trillion
2017 tax revenues- $3,268 trillion
-Obama revenue increase- $1,163 trillion

Clinton revenue increase- $837 billion
Bush revenue increase- $114 billion
Obama revenue increase- $1,163 trillion

Federal Receipt and Outlay Summary | Tax Policy Center
https://www.thebalance.com/current-u...evenue-3305762

Clinton had the benefit of being in office during the internet boom.

Obama did allow the G.W. Bush tax cuts to be extended for a while longer.

What did Obama do to help the economy?

[Fleet]

Originally Posted by Winter_Sucks

Reagan cut taxes and then raised them 3 times afterwards.

Again, the overall tax burden for the middle class (and poor) were lower.

The amount paid in income tax, in percent, for those two groups were less in 1989 than in 1981.

[T-310]

Originally Posted by beb0p

And I shouldn't be responsible for other people's wall.

Welcome to life.

.

No wall no amnesty.

Welcome to life.

[BeerGeek40]

Don't try to start another R versus D issue. BOTH parties are responsible for this irresponsible run up of the national debt.

[Goodnight]

Originally Posted by Loveshiscountry

Why should they when the problem is out of control spending?

Medicare, Social Security and Defense spending need to be addressed but they will not be able to balance a budget on spending alone. Does what they just passed make any sense at all, we are running deficits yet they reduced taxes and increased defense spending. They will need to increase taxes at some point, there is no alternative.

[Tominftl]

Yes, as much as the righties whined about Obama they surely have changed their tune about spending. They have a plan though cooked up by Lyin Ryan. They want the debt number so large that they can either discontinue medicare and medicaid as we know it. Then they will work on cutting social security. I would love to see these politicians pensions cut and their salaries also. We aren’t getting our moneys worth with these people.