weswelker#83

Bush did three things to skyrocket the debt from $5.7 trillion to $10 trillion:
1. He lowered taxes on the rich (by far the biggest item).
2. He invaded Iraq instead of winning in Afghan-Pakistan (another $600 B).
3. He loosened controls on Wall Street.


U.S. National Debt Graph: Breaks $10 Trillion and ...


As it happens, McCain backed all three policies

Stokes

I would disagree with #1 being a factor, since revenues stayed steady before and after the tax cuts. The problem was even though the tax cuts were revenue neutral he kept increasing spending. I'd agree #2 was a big problem, especially since much of the funding was kept separate from the yearly budget so it got tacked directly on the national debt. I don't understand how #3 would lead to an increase in the deficit, what is the connection?

edit: How about #4, something else that must be a factor, the interest on that debt piling up. Any idea how much of the increase that accounted for? No idea here.

Real World

In 2003 they passed the Tax Act, and you can see where "revenues" (my favorite word), rose thereafter. Spending needed to decline though, and it certainly didn't.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

patsfan13

Exactly right RW.

Too much spending Bush did nothing to restrain congress.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

PatsFanInEaglesLand

Maybe RW should run for President, he does have better knowledge of how taxes work than the "clean" candidate.

__________________

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

weswelker#83

Hahahaha , you need to go back to learn basics , do your homework , then comeback:


from 2000 to 2006 :

White house is republican
congress was republican (until one year ago)
House is republican

They pushed and passed what ever bill,legislation , loan to nowhere they wanted , they specially used the war on terror strategy in every CORNER , to scare the people who tried to resist.

Remember the republican MOTTO : " You are either with us or with THE terrorists "

that's how every freaking bill was passed.


WAAAA bogeyyyyman.

Holy Diver

Funny.....

Bush somehow needed to stop his own party from spending?....Ya... Peeps seem to think about congress, and emocratic control like they think about the Iraq war and the Surge.... Its like Conservatives forget the first 6 years of teh Bush administration like the first 4 years of the Iraq war.... LOONY

I thought these dudes were about LESS government?