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Was it Bush's fault that so much was added to America's DEBT

  • during his years in office?

    minsterbuckeye

  • minsterbuckeye said...

    during his years in office?

    No. It started under Ronald Reagan. Buch W took it to a new level. Obama is W esque thus far.

    Buckrock

  • Liberals think everything that is wrong with the country is W's fault. Anything that is right belongs to the great one. They both have contributed to what is wrong. The question is who has a plan to get things right. Liberals say more spending and higher taxes. Conservatives say the opposite.The voters will decide and probably pick both and we end up stalemated.

    pazbuc

  • pazbuc said...

    Liberals think everything that is wrong with the country is W's fault. Anything that is right belongs to the great one. They both have contributed to what is wrong. The question is who has a plan to get things right. Liberals say more spending and higher taxes. Conservatives say the opposite.The voters will decide and probably pick both and we end up stalemated.

    Check the facts. Republican Presidents have rung up more debt than Democrats over the last 30 years. President Clinton is the only recent President to balance the budget.

    Buckrock

  • Keep in mind the president only has veto power over the budget. He can present a budget to congress and make specific requests, but it's congress that controls the spending. So who controlled congress during Reagan's years, Repubs had a slight majority in the senate and Dems controlled the house. During Clinton's years where the budget was balanced both house and senate were controlled by the house.

    Ronbo78

  • Ronbo78 said...

    Keep in mind the president only has veto power over the budget. He can present a budget to congress and make specific requests, but it's congress that controls the spending. So who controlled congress during Reagan's years, Repubs had a slight majority in the senate and Dems controlled the house. During Clinton's years where the budget was balanced both house and senate were controlled by the house.

    So it's Congresses fault? Maybe a Veto would have worked.

    Buckrock

  • Buckrock said...

    Check the facts. Republican Presidents have rung up more debt than Democrats over the last 30 years. President Clinton is the only recent President to balance the budget.

    But with an economy and tax receipts largely inflated by the illusory dot-com stock market bubble

    "You're only young once, but you can always be immature."

    excabuckeye

  • Please do not make blanket statements such as "liberals..." or "conservatives...", because it is possible for there to be a "liberal" Republican, or a "conservative" Democrat. Those terms have grown to only be used to refer to beliefs on social issues. In the end, 99% of people in this country are "liberals". Unless you are a Nazi, Communist, or Socialist (which despite the best efforts of Fox News, less than 1% of the country would actually fall under), you are either a Classical LIBERAL or a Welfare LIBERAL. No one can argue with that assessment. Somehow, liberal became a bad word, when both parties are LIBERAL at their core.

    Say whatever you want about Obama, but Demand Side Economics is the only system that could have pulled us out of the economic quagmire we were in. Spending had to be increased, just as it was during the great depression. The key will be when is the time to turn it off (maybe it has already passed and we are making a serious mistake, maybe we need another few years of increased spending). I, for one, am for increased taxes for a couple of years. I pay a lot in taxes, but we are in this together. We should tighten our belts like we did during WWII, and do something for the good of the country. Unfortunately, everyone feels entitled to their participation trophy, great schools for their kids, perfect roads to get them to school, and libraries for them to go to after school, but they don't want to pay for them. I have no kids (so I don't get the tax breaks for them), and I make over $100k a year, but I would never complain about paying slightly more in taxes....maybe that is because my dad only let me keep the 1st place trophies...

    swords81

  • His tax cuts added 100 billion per year to the deficit. Some people say they pay for themselves but that clearly isn't true. 2 years after they were enacted tax revenues as a % of GDP dropped from 20.6% to 16.2%. http://www.thefiscaltimes.com/Columns/2010/11/19/Why-Republicans-Arent-Serious-About-the-Deficit.aspx#page2 Medicare Prescription Part D also adds 62 billion per year to the deficit. The unnecessary wars in Iraq and Afghanistan cost about 150 billion per year. The CIA and special forces could have easily taken out Al-qaeda without starting pointless wars. So he added somewhere around 300 billion per year in debt. Basically he has a record that neither party is proud of. It amazes me that conservatives let him get away with not paying for any of his projects. Where was the Tea Party when we needed them?

    This post was edited by ng164300 on 3/18/2012 at 6:59 PM

    signature image signature image signature image

    ng164300

  • ng164300 said...

    His tax cuts added 100 billion per year to the deficit. Some people say they pay for themselves but that clearly isn't true. 2 years after they were enacted tax revenues as a % of GDP dropped from 20.6% to 16.2%. http://www.thefiscaltimes.com/Columns/2010/11/19/Why-Republicans-Arent-Serious-About-the-Deficit.aspx#page2 Medicare Prescription Part D also adds 62 billion per year to the deficit. The unnecessary wars in Iraq and Afghanistan cost about 150 billion per year. The CIA and special forces could have easily taken out Al-qaeda without starting pointless wars. So he added somewhere around 300 billion per year in debt. Basically he has a record that neither party is proud of. It amazes me that conservatives let him get away with not paying for any of his projects. Where was the Tea Party when we needed them?

    How many Trillions has Obama run up?

    signature image

    www.miamiproject.miami.edu/

    Buckeye Warrior

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    jr88BRUTUS

  • Ronbo78 said...

    Keep in mind the president only has veto power over the budget. He can present a budget to congress and make specific requests, but it's congress that controls the spending. So who controlled congress during Reagan's years, Repubs had a slight majority in the senate and Dems controlled the house. During Clinton's years where the budget was balanced both house and senate were controlled by the house.

    where is Obamas budget at , did i miss something? was it voted on yet?

    minsterbuckeye

  • pazbuc said...

    Liberals think everything that is wrong with the country is W's fault. Anything that is right belongs to the great one. They both have contributed to what is wrong. The question is who has a plan to get things right. Liberals say more spending and higher taxes. Conservatives say the opposite.The voters will decide and probably pick both and we end up stalemated.

    the democrats Blame Bush for the big deficit, but then they DON"T blame Obama for adding to the deficit......I'll do a SPOCK-----JIM, that isn't logical.........

    minsterbuckeye

  • I guess the war he got us into was free

    CLG431

  • CLG431 said...

    I guess the war he got us into was free

    Didn't most of the Dems in the Senate vote for the war? Typical liberal amnesia syndrome.

    This post was edited by pazbuc on 3/18/2012 at 9:07 PM

    pazbuc

  • Buckrock said...

    Check the facts. Republican Presidents have rung up more debt than Democrats over the last 30 years. President Clinton is the only recent President to balance the budget.

    How many dollars has Obama rung up in three years vs W in 8 years?

    pazbuc

  • According to the CBO the day Obama walked into office there was a 1.1 trillion dollar deficit because the economy had fallen off of a cliff. When the economy crashes tax revenue crashes along with it. What exactly was Obama supposed to do? Do you want him to cut 1 trillion from the budget in the middle of a horrible recession. In a perfect world we would have had a low debt level before the financial crisis hit. In that scenario we could have run big deficits for years to stimulate the economy and the deficits wouldn't have mattered much. Obama wanted to do a $450 billion comprehensive deal to cut the deficit but the Repubs wouldn't compromise on taxes so instead we got $200 billion in cuts. Obama was handed the keys to a sinking ship which he stupidly took. If I was him I would have said screw it, McCain you deal with this mess.

    This post was edited by ng164300 on 3/18/2012 at 9:22 PM

    signature image signature image signature image

    ng164300

  • CLG431 said...

    I guess the war he got us into was free

    by the way who all voted for that war?

    minsterbuckeye

  • minsterbuckeye said...

    by the way who all voted for that war?

    Selective Dem amnesia

    pazbuc

  • pazbuc said...

    How many dollars has Obama rung up in three years vs W in 8 years?

    Should we count the bank bailout and stimulus package or should we give W credit for those?

    Buckrock

  • pazbuc said...

    Liberals think everything that is wrong with the country is W's fault. Anything that is right belongs to the great one. They both have contributed to what is wrong. The question is who has a plan to get things right. Liberals say more spending and higher taxes. Conservatives say the opposite.The voters will decide and probably pick both and we end up stalemated.

    I sense that the White House burns to the ground in the Battle of Georgetown during the summer of 2019 and the fall of the American Experiment shortly thereafter...

    ... or it could just be the whiskey talking.

    Badger Alumni, Lifelong Buckeye.

    Frozen Buckeye

  • pazbuc said...

    Liberals think everything that is wrong with the country is W's fault. Anything that is right belongs to the great one. They both have contributed to what is wrong. The question is who has a plan to get things right. Liberals say more spending and higher taxes. Conservatives say the opposite.The voters will decide and probably pick both and we end up stalemated.

    Talk about partisan BS. The dems are for returning the top rate to where it was under Clinton. That is raising taxes on the top 2%, not raising all taxes like you infer. Until the economy is stabilized, making massive cuts will just throw us back into a deep recession.

    Obama will lose because of unemployment and high gas prices.

    Though often asked, God does not take sides in politics or college football.

    TimMcM

  • pazbuc said...

    Liberals think everything that is wrong with the country is W's fault. Anything that is right belongs to the great one. They both have contributed to what is wrong. The question is who has a plan to get things right. Liberals say more spending and higher taxes. Conservatives say the opposite.The voters will decide and probably pick both and we end up stalemated.

    Only upping taxes on 1%. Don't make it seem like everyone's taxes are going up

    dave1954

  • pazbuc said...

    How many dollars has Obama rung up in three years vs W in 8 years?

    Is that counting the wars Bush left out? Or the tax cut during war time?Or the Big Pharma bill that wasn't paid for?

    dave1954

  • ng164300 said...

    According to the CBO the day Obama walked into office there was a 1.1 trillion dollar deficit because the economy had fallen off of a cliff. When the economy crashes tax revenue crashes along with it. What exactly was Obama supposed to do? Do you want him to cut 1 trillion from the budget in the middle of a horrible recession. In a perfect world we would have had a low debt level before the financial crisis hit. In that scenario we could have run big deficits for years to stimulate the economy and the deficits wouldn't have mattered much. Obama wanted to do a $450 billion comprehensive deal to cut the deficit but the Repubs wouldn't compromise on taxes so instead we got $200 billion in cuts. Obama was handed the keys to a sinking ship which he stupidly took. If I was him I would have said screw it, McCain you deal with this mess.

    Your excuses ring hollow.

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    www.miamiproject.miami.edu/

    Buckeye Warrior