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GOP Presidents Have Been the Worst Contributors to the Federal Debt
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<blockquote data-quote="The Other Side" data-source="post: 1046971" data-attributes="member: 17969"><p>Island, im not sure if you clearly understand how the bush tax cuts work, but ill try to help you out...</p><p></p><p>In 2001, bush cut the top tax rates to 35% creating an INSTANT 3.5 trillion dollar hole into the deficit because they were not PAID for by offsets like cutting spending or elimination of programs.. those TAX CUTS were spread over 10 YEARS....</p><p></p><p>10 YEARS Island... Bush was in office for 8 years. Thats TWO YEARS longer than he was in office....then, if that wasnt bad enough, the tax cuts were planned to expire during the mid term cycle for the house and the GOP ran on a platform of EXTENDING those cuts for TWO MORE YEARS but spreading the cost of those CUTS for 7 more years.</p><p></p><p>Thats 17 YEARS of deficit Spending Island...</p><p></p><p>Now, you know full well bush held office for 8 years, but his 17 YEARS of deficit growing tax cuts extend long past his term in office.</p><p></p><p>Who should we blame for that???</p><p></p><p>Obama in 2010 wanted congress to pass only an extension of the middle class portion of the bush tax cuts, but the GOP in the HOUSE wouldnt agree to such a thing.</p><p></p><p>Lord knows the plan was to GROW the deficit and HIDE behind "job growth" and "job creators" and then blame OBAMA for growing the deficit, and to some extent ( like people like you) you overlook these facts and simply blame the black guy for wreckless spending.</p><p></p><p>For 8 years, the BUSH tax cuts FAILED to stimulate the economy, grow jobs or cut the deficit, instead they did the complete reverse. 11 million jobs lost, 10.8 trillion in debt, two wars unpaid, prescription drug bill worth almost a trillion dollars unpaid and no bid contracts to the military and subcontractors who ripped off the american tax payer and NONE OF YOU said a thing while it was happening.</p><p></p><p>I did, and so did Klien, Mr Fedex, Diesel and a few others. We were right and YOU ALL were wrong on the GOP's wreckless spending in peacetime.</p><p></p><p>Now, its a different picture. OBAMA walks into two wars, the middle east on fire, the trade deficit exploding, the economy crashing, wall street collapsing, the housing market seeing the first signs of time bombs set during the bush term and a country in crisis.</p><p></p><p>Why wont you admit this??</p><p></p><p>Why wont you say president OBAMA inherited the worse economy since the great depression and has helped to stop the country from going into a depression, and slowly is making its way back with what he has to work with??</p><p></p><p>2% growth isnt HUGE, but its better than the negative GDP BUSH had to two years. It simply ridiculous to believe growth could be any greater given the fact that manufacturing to GDP was only at 9% when OBAMA took office.</p><p></p><p>It was in the high 50% when FDR took over, it was at 41% when REAGAN took over and it was at 9% when OBAMA took over...</p><p></p><p>Of the three presidents, which ones had a better chance to turn the country around by stimulating growth??</p><p></p><p>The answer is simple, FDR, then Reagan then Obama. OBAMA has the least chance of success because we dont make anything anymore and without manufacturing in this country, we CANT PUT PEOPLE TO WORK.</p><p></p><p>The GOP has done everything it could to turn this country into a consumption nation and a service provider employer based economy.</p><p></p><p>This isnt going to make the country better.</p><p></p><p>Peace</p><p></p><p>TOS</p></blockquote><p></p>
[QUOTE="The Other Side, post: 1046971, member: 17969"] Island, im not sure if you clearly understand how the bush tax cuts work, but ill try to help you out... In 2001, bush cut the top tax rates to 35% creating an INSTANT 3.5 trillion dollar hole into the deficit because they were not PAID for by offsets like cutting spending or elimination of programs.. those TAX CUTS were spread over 10 YEARS.... 10 YEARS Island... Bush was in office for 8 years. Thats TWO YEARS longer than he was in office....then, if that wasnt bad enough, the tax cuts were planned to expire during the mid term cycle for the house and the GOP ran on a platform of EXTENDING those cuts for TWO MORE YEARS but spreading the cost of those CUTS for 7 more years. Thats 17 YEARS of deficit Spending Island... Now, you know full well bush held office for 8 years, but his 17 YEARS of deficit growing tax cuts extend long past his term in office. Who should we blame for that??? Obama in 2010 wanted congress to pass only an extension of the middle class portion of the bush tax cuts, but the GOP in the HOUSE wouldnt agree to such a thing. Lord knows the plan was to GROW the deficit and HIDE behind "job growth" and "job creators" and then blame OBAMA for growing the deficit, and to some extent ( like people like you) you overlook these facts and simply blame the black guy for wreckless spending. For 8 years, the BUSH tax cuts FAILED to stimulate the economy, grow jobs or cut the deficit, instead they did the complete reverse. 11 million jobs lost, 10.8 trillion in debt, two wars unpaid, prescription drug bill worth almost a trillion dollars unpaid and no bid contracts to the military and subcontractors who ripped off the american tax payer and NONE OF YOU said a thing while it was happening. I did, and so did Klien, Mr Fedex, Diesel and a few others. We were right and YOU ALL were wrong on the GOP's wreckless spending in peacetime. Now, its a different picture. OBAMA walks into two wars, the middle east on fire, the trade deficit exploding, the economy crashing, wall street collapsing, the housing market seeing the first signs of time bombs set during the bush term and a country in crisis. Why wont you admit this?? Why wont you say president OBAMA inherited the worse economy since the great depression and has helped to stop the country from going into a depression, and slowly is making its way back with what he has to work with?? 2% growth isnt HUGE, but its better than the negative GDP BUSH had to two years. It simply ridiculous to believe growth could be any greater given the fact that manufacturing to GDP was only at 9% when OBAMA took office. It was in the high 50% when FDR took over, it was at 41% when REAGAN took over and it was at 9% when OBAMA took over... Of the three presidents, which ones had a better chance to turn the country around by stimulating growth?? The answer is simple, FDR, then Reagan then Obama. OBAMA has the least chance of success because we dont make anything anymore and without manufacturing in this country, we CANT PUT PEOPLE TO WORK. The GOP has done everything it could to turn this country into a consumption nation and a service provider employer based economy. This isnt going to make the country better. Peace TOS [/QUOTE]
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