How the Bush Tax Cuts Created the Deficit

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    Aug 08, 2011 2:12 AM GMT
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    Aug 08, 2011 2:21 AM GMT
    The music's too happy. This would have been more suitable:
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    Aug 08, 2011 5:33 AM GMT
    southbeach1500 saidThey're now the "Obama Tax Cuts." icon_wink.gif




    They're now dead men walking.
    Tick tock.
    January 2013 is execution day for the BUSH tax cuts.

    Once they're dead we can finally make some headway paying off the Bush Deficit.
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    Aug 08, 2011 5:52 AM GMT
    Thank you for this Scruffypup, we definately agree on this one !! I will be showing this to friends.
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    Aug 08, 2011 4:51 PM GMT
    southbeach1500 said
    rickrick91 said
    southbeach1500 saidThey're now the "Obama Tax Cuts." icon_wink.gif




    They're now dead men walking.
    Tick tock.
    January 2013 is execution day for the BUSH tax cuts.

    Once they're dead we can finally make some headway paying off the Bush Deficit.


    "Bush Deficit" RickRick? I believe you are quite confused about what a deficit is versus what the debt is.

    There is no "Bush Deficit" anymore because Mr. Bush is no longer in the White House, thus, he hasn't signed any spending bills into law since prior to January 19, 2009.

    As for eliminating the "Obama Tax Cuts" and their having any material effect on our debt... Yeah... a whopping $130 billion each year, against a $1,650 billion annual deficit. That's SURE to make a big difference!

    For the liberals (math challenged), that means the annual deficit would be $1,520 billion per year instead of $1,650 billion per year.






    Obama offered a $4 trillion deal with $3 trillion in cuts and $1 trillion in revenues, don't you think boner should have gone for this ? after all it would have been far more advantageous at cutting the deficit and the debt.

    remember to, that the economy slump is exacerbating the deficit, creating jobs will be a huge benefit to reducing the deficit from the attached revenues that come from higher employment numbers. Spending on infrastructure would help the employment situation as would investing in new green technology.

    We'll have to do something like this because you cannot expect the corps and the nations wealthiest 'job creators' to invest and hire for making more 'stuff' and providing more services where there is no demand for them.