So that is your logic, tax cuts that increased govt. revenue contributed to the debt because there were no spending cuts? Do you realize how stupid that argument is? Tax cuts increased govt. revenue, period, and that is proven by the U.S. Treasury website which is the checkbook of the U.S.
Again, prove me wrong with verifiable non partisan sources like the U.S. Treasury or BEA.gov.
Why is it that when asked to provide proof that the tax rate cuts reduced govt. revenue I get silence from those that continue to spout that BS? This is the ongoing argument from the left that promotes the statement that if you make false statements often enough soon they will become true. It is a lie and that lie is debunked by BEA.gov and the U.S. Treasury Dept. numbers. Both the Reagan and Bush Tax RATE cuts grew govt revenue by creating new taxpayers. Look at what the Obama tax cuts generated, nothing because they were rebate checks passed off as a tax cut.
Go to BEA.gov and find out
Last edited by Conservative; 06-26-10 at 12:41 PM.
President Bush inherited a budget surplus when he took office. Then managed to turn that surplus into an enormous deficit after cutting taxes multiple times while implementing two wars and the opening billions of dollars worth of new spending programs and didnít pay for any of them. Obama took office in January 2009 the Congressional Budget Office was seeing a finances deficit of 1.2 trillion for the year. This decline from a record surplus to a record deficit with Bush resulted in $3 trillion increase in public debt, this was the largest increase to the American debt ever.
Last edited by Gabriel; 06-26-10 at 12:59 PM.
⚧ C.T.L.W. You figure it out
My Endo doc went over my blood work. "I see your estrogen level is now at 315, do you feel like you have too much Estrogen now?"
I told her "... N... N.. No..." and started crying.
So I am told, now prove it? Stop buying the rhetoric and get the facts. The U.S. Treasury will show the actual results of Bill Clinton. Projected surpluses are just like the projection that you are going to be the President of the United States. There was no budget surplus, only a projected one and of course you forget like others 9/11 and the costs to the Treasury. You also don't seem to have a clue that SS funds are on budget but the debt off budget and it was SS funds that created a surplus for one year and one year only but those funds were offset by an IOU in the SS fund. Another brilliant liberal comment on your part.
For someone apparently concerned about the Bush debt you conveniently ignore that Obama was in the Congress and helped create that debt. Now he is in the WH and put Bush deficits on steroids and not a word from you. That is what liberals do, blame someone else and never take responsibility. That is the prescription for failure.
One thing to say about this.
No President Obama, it is you and your corrupt congress that is.
Good day sir.
'DON'T WORRY SIR, I'M FROM THE INTERNET.'
THE TRUTH ABOUT THE UN ( Click on the UN to see! )