Massive Deficit

P1234567890 · Posted: Tue Sep 09, 2008 9:33 am Post subject: Massive Deficit

Here's what Bush's tax cuts, the Iraq war, and financial mismanagement led to:

http://money.cnn.com/2008/09/09/news/economy/cbo_budget_update/index.htm?cnn=yes

Bush's "war on your kids' future" seems to be the one war he is winning...
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Pondering · King of the Jungle Joined: 15 Sep 2005 Posts: 1413

and I would counter with...You can't go to the Mall and go to War at the same time. Granted our economy is based in large part on consumer spending, so Bush encouraged folks to "go about their business", which I think is a bad idea in wartime. I've talked before about rationing in WWII. It was necessary at first, but not later in the war, but the Gov't kept it up so people "felt the pain"....kept 'em focused on winning with the promise of "good times" once it was won...

I would also say the 2 drunken pork-barreling parties (both Dems and Repubs) spent money on special projects and entitlement enhancements at a HUUUUUGE rate.

Say what you want about McCain, but his record on earmarks is clean. O'Bama? About $750M of that debt he voted "For"...
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P1234567890 · Posted: Tue Sep 09, 2008 2:58 pm Post subject:

45degreeN · Posted: Wed Sep 10, 2008 4:50 am Post subject:

It was Reagan who fooled the Russians into thinking that we might actually be able to shoot down their missiles causing them to give up the race to annihilation. But Reagan's military spending didn't end there. As the first neo-con president his whole diplomatic view was to engage our military and push as hard as he could, everywhere he could, and we're paying through the nose now for a military that needs to go on a diet.

It was under Reagan that our "defense" spending first nearly equaled the rest of the world put together.
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