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**Centurnion** · 08-07-2011, 04:43 AM

Bush deficits:

2002: 157.8 billion
2003: 377.6 billion
2004: 412.7 billion
2005: 318.3 billion
2006: 248.2 billion
2007: 160.7 billion

If the tax cuts were so damaging, why were we moving toward a balanced budget up until 2007? What changed in 2007? The housing bubble burst leading to economic recession.

2008: 458.6 billion
2009: 1.41 trillion

One cannot honestly blame those increased deficits on a tax cut 5 years prior. The best argument that could be made is that the Bush cuts caused the deficit to spike to $412 billion, but then what is the explanation for the deficit coming back down? Another argument that has been made is that the tax cuts caused the 2001 Clinton surplus of $128 billion to turn into a $157 billion deficit in 2002. Only one problem with that argument. The Bush tax cuts 'for the rich' were not implemented until 2003.

It is impossible to have an intelligent discussion about how changes in tax policy will effect the future when some insist on continueing to lie about what has happened in the past.

Agreed--it's the same ol' democraperia--rich versus poor. Some of these liberals have been so brainwashed with--let's hate the rich--that they can't even look at tise USA Today report--a say--you know no matter how many rich people are in this country--they couldn't possibly come up with $534,000.00 per household in America.

So let's talk about Bush--and the tax cuts he handed out to the rich--completely ignoring that there were a lot of middle class tax cuts in those too. Let's talk about Tarp 1--even though 97% of those funds have been paid back with interest. Oh--and let's not forget about Afganistan and Iraq. IF none of these even happened we would still be looking at a sky-rocketing deficit--along with another 63 trillion in unfunded liabilities.

08-07-2011, 04:43 AM	#28
Centurnion Join Date Oct 2005 Posts 414 Senior Member	Bush deficits: 2002: 157.8 billion 2003: 377.6 billion 2004: 412.7 billion 2005: 318.3 billion 2006: 248.2 billion 2007: 160.7 billion If the tax cuts were so damaging, why were we moving toward a balanced budget up until 2007? What changed in 2007? The housing bubble burst leading to economic recession. 2008: 458.6 billion 2009: 1.41 trillion One cannot honestly blame those increased deficits on a tax cut 5 years prior. The best argument that could be made is that the Bush cuts caused the deficit to spike to $412 billion, but then what is the explanation for the deficit coming back down? Another argument that has been made is that the tax cuts caused the 2001 Clinton surplus of $128 billion to turn into a $157 billion deficit in 2002. Only one problem with that argument. The Bush tax cuts 'for the rich' were not implemented until 2003. It is impossible to have an intelligent discussion about how changes in tax policy will effect the future when some insist on continueing to lie about what has happened in the past. Agreed--it's the same ol' democraperia--rich versus poor. Some of these liberals have been so brainwashed with--let's hate the rich--that they can't even look at tise USA Today report--a say--you know no matter how many rich people are in this country--they couldn't possibly come up with $534,000.00 per household in America. So let's talk about Bush--and the tax cuts he handed out to the rich--completely ignoring that there were a lot of middle class tax cuts in those too. Let's talk about Tarp 1--even though 97% of those funds have been paid back with interest. Oh--and let's not forget about Afganistan and Iraq. IF none of these even happened we would still be looking at a sky-rocketing deficit--along with another 63 trillion in unfunded liabilities.
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