CBO Report on Bush's "AWESOME" (his words) 8 years and the results=$35 trillion debt by 2023.

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    Jul 18, 2012 5:23 PM GMT
    According to the CBO and reputable economists, the long-term impact of the fiscally irresponsible policies orchestrated under Bush will lead to the deficit exceeding $35 trillion by 2023. Here’s the breakdown: (1) 15 year projected lost tax revenue attributable to Bush recession – $13 trillion; (2) Loss revenue attributable to Bush tax cuts for the wealthy – $7 trillion; (3) Bush oil and insurance cartel subsidies – $2 trillion; (4) Bush Prescription Drug Bill – $1 trillion; (5) Bush era unfunded earmark spending – $6 trillion; and (6) Bush wars – $6 trillion.

    Good comment by Huffington Post reader.
    Besides Bush, no other president has ever cut taxes while simultaneously waging war. Obama’s policies save America from economic catastrophe, and conservatives lambast him; Reaganomics increased deficit spending by 189%, and conservatives want to name every building in DC after him. Bush’s economic policies single-handedly led to America’s economic collapse, and Republican revisionists are attempting to deny any culpability on their part, scapegoat Obama, and rewrite history, something I won’t let happen!

    Any Republicans want to show us "ALTERNATIVE" figures from the CBO ? I realize Republicans live in an "ALTERNATIVE REALITY" regarding the BUSH years such as Obama is to blame for our debt and ruined economy, Any of you have a CBO report showing those figures all belong to Obama ?
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    Jul 19, 2012 12:15 AM GMT
    Without The Bush Tax Cuts, The Debt Would Be At Sustainable Levels

    When President George W. Bush came into office, he was facing a balanced budget and the real prospect of the United States paying down its national debt. In fact, in 2001, Bush promised to pay off all of the federal debt within 10 years.

    Of course, that is not what happened. The debt and deficit ballooned under Bush, thanks to two wars, a financial crisis, and two rounds of unnecessary tax cuts.

    Ten years ago today, President Bush signed the first of his two tax cuts, pledging that “tax relief will create new jobs, tax relief will generate new wealth, and tax relief will open new opportunities.” Instead, Bush’s tax cuts brought in a new era of red ink. Even with all the other economic catastrophes — including the wars and the financial crisis — the federal debt would be at a sustainable level today were it not for the Bush tax cuts, as CAP’s Michael Ettlinger and Michael Linden note:

    Ten years ago today, the first round of Bush tax cuts became law. But what if they hadn’t? What would our fiscal situation look like if history had been different in just one respect: if we’d never implemented President George W. Bush’s eponymous tax policies? The short answer is that the debate over federal debt levels would be entirely different. In that alternate world, total debt as a share of GDP would be under 50 percent this year — instead of pushing 70 percent — and it would be expected to stay under 60 percent for the rest of the decade. That’s well below the levels causing such great consternation in Washington.
    The Bush tax cuts ushered in the weakest economic expansion of the post-war period, as “growth in investment, GDP, and employment all posted their worst performance.” ThinkProgress’ Zaid Jilani noted that,
    for the cost of the Bush tax cuts, the U.S. could have, among other things, given 49.2 million people access to low-income healthcare every year, provided 43.1 million students with Pell Grants every year, or provided 31.5 million children with access to Head Start every year.
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    Jul 19, 2012 12:48 AM GMT
    A comment well worth reading re: Bush's AWSOME 8 years

    A nightmare, really, that I just wish would go away and take his history with him somehow undone. Yet, I truly hope voters will be starkly reminded that it was his republican party now headed by Mitt Romney, Mitch McConnell, Eric Cantor, Paul Ryan, John Boehner, et. al., who unashamedly proffer the same tax-cutting policies but on steroids that partly led us into the realm of economic illusion then blew up the entire economy in the first place. All right before our very eyes.

    The Bush tax-cut fiasco/hoax (sunsets in 10 years, yeah) is the driving force behind our deficit along with two credit card wars and a pharmaceutically written unfunded drug law. GWB tried to con us with his second term efforts to privatize ergo dismember Social Security which failed miserably yet now, these current republiques are doubling down in their efforts to maim it and destroy Medicare as we know it for good measure via their Ryan Budget, blaming both for the excessive national debt.

    PS. That GWB would even mention a new book for which he has written the Introduction! Subject? ...(drum roll please...)--How to grow the economy! Enough! Unbelievable. I rest my case. Mercy on us.
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    Jul 19, 2012 4:58 AM GMT
    Bush is the worst president in US history.
    And the epic failure of his presidency was well recognized even during his time in office.
    Bush's approval ratings were in the low to mid 20's for most of his last few years in office.

    As time goes on the horrific magnitude of the disaster Bush wrought while in office only becomes clearer.

    To see him in his recent public appearances looking fat and happy is just appalling.
    He obviously has no sense of shame whatsoever about all the damage he's done.