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Were the unfunded tax cuts of Reagan/Bush41 and George W. Bush with the wealthy getting richer with dollars borrowed from Japan, Canada and China worth it?
Total U S Debt
09/30/2009 11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Trillions)
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)
The republicans will never see anything for what it is. Your thread makes perfect since but you should know the lieing gop will never fess up to it. Dont expect a republican response to this but put up a thread about a birth certificate and WOW......
Somebody please reply to this otherwise my two hours of gathering and posting this will be to no avail.
Well, the complete fiscal failure of Republicans over the past 30 years is a pretty well known phenomenon. Supply-side doesn't actually work. Laissez-faire doesn't actually work. Nothing much that Republicans espouse actually works, and they prove it every time they manage to get themselves elected. They're out there campaigning right now on a platform of not doing anything at all themselves and opposing everything that anybody else tries to do, and that's actually one of the least threatening platforms that they've managed to come up with in years...
Maybe you need to address the fact that the debt will increase 1000 fold before Barry is done on 1/20/13.
You know what? It's our turn. Tax cuts for the wealthy at the expense of future generations was started by an ex Democrat who used to be the president of a union...the screen actors guild. When his B movies began to make some serious money he switched parties and began to work for lower taxes at any cost. Yessir...that's Mr. Ronald Reagan.
In George W. Bush's first staff meeting Dick Cheney said, "The Debt Doesn't Matter...Reagan Proved That!"
Well...now the interest on the total debt is about $400 billion a year. For comparison we spend about $100 billion on education and less than that on the infrastructure. Cheney was wrong...it did/does matter.
Ultimately, it is Congress that spends money, not Presidents. Reagan had little to do with the vast spending of his Democratic Congress. And Clinton had little to do with the Republican Congress under his watch. A good President is a veto stamp, a bad President is a rubber stamp.
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