10 Things the GOP Doesn't Want You to Know About the Debt

[Truthseeker420]

Just two weeks after he seconded Treasury Secretary Tim Geithner's dire warnings about the August 2 deadline to raise the U.S debt ceiling, House Majority Leader Eric Cantor walked out of the budget talks aimed at reaching a bipartisan compromise over deficit reduction. Like Arizona GOP Senator Jon Kyl, Cantor shifted the burden to Speaker John Boehner, Senate Minority Mitch McConnell and President Obama to "get over this impasse on taxes."

For his part, McConnell promised that no deal to end the GOP's hostage taking of the U.S. economy will include tax hikes. But while McConnell boasted that "If they couldn't raise taxes when they owned the government, you know they can't get it done now," left unsaid was the inconvenient truth that the nation's mounting debt is largely attributable to wars, a recession and tax policies put in place under his party's watch.

Here, then, are 10 things the GOP doesn't want you to know about the debt:

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(Click a link to jump to the data and details for each.)

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid

Daily Kos: 10 Things the GOP Doesn't Want You to Know About the Debt

 

[Procrustes Stretched]

Just two weeks after he seconded Treasury Secretary Tim Geithner's dire warnings about the August 2 deadline to raise the U.S debt ceiling, House Majority Leader Eric Cantor walked out of the budget talks aimed at reaching a bipartisan compromise over deficit reduction. Like Arizona GOP Senator Jon Kyl, Cantor shifted the burden to Speaker John Boehner, Senate Minority Mitch McConnell and President Obama to "get over this impasse on taxes."

For his part, McConnell promised that no deal to end the GOP's hostage taking of the U.S. economy will include tax hikes. But while McConnell boasted that "If they couldn't raise taxes when they owned the government, you know they can't get it done now," left unsaid was the inconvenient truth that the nation's mounting debt is largely attributable to wars, a recession and tax policies put in place under his party's watch.

Here, then, are 10 things the GOP doesn't want you to know about the debt:

.
(Click a link to jump to the data and details for each.)

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid

Daily Kos: 10 Things the GOP Doesn't Want You to Know About the Debt

Even though it is from KOS I must say it is truthful

 

[WillowTree]

 

[WillowTree]

Daily KOS..





of course tax revenues are down asswipes,,, obie doodle has a 9.2% unemployment rate. gas is sky high, groceries are sky high, energy is going up up up and all of this is what obie doodle promised when he campaigned..

 

[Procrustes Stretched]

Willow Tweedly Dum strikes again!!!!!!!!!!!!!!!111

 

[midcan5]

But you forget that when a democrat is elected president, reality shifts into another realm in which the 'tax and spend' republicans change color. Imagine if an independent ever won the presidency the whole political universe of dems and repubs would need psychiatric help, reality would enter a third dimension and both d's and r's would be lost wondering who's on first or even second.

 

[percysunshine]

KOS? The un-partisan megaphone ot Ron Paul?

You might want to fact check this stuff...

 

[WillowTree]

Ya'll need Ya'll some Tissue?

 

[Procrustes Stretched]

But you forget that when a democrat is elected president, reality shifts into another realm in which the 'tax and spend' republicans change color. Imagine if an independent ever won the presidency the whole political universe of dems and repubs would need psychiatric help, reality would enter a third dimension and both d's and r's would be lost wondering who's on first or even second.

*guffaws all around

 

[Sactowndog]

Daily KOS..

of course tax revenues are down asswipes,,, obie doodle has a 9.2% unemployment rate. gas is sky high, groceries are sky high, energy is going up up up and all of this is what obie doodle promised when he campaigned..

That doesn't come close to explaining the problem as even in the great recession in the 70's tax revenue never fell below 17% of GDP. Now it is at 14% largely because Bush decided to give back the surplus in the form of tax reductions that put us at historical lows instead of average rates.

This is not comparable to Reagan who took us form historical highs to average rates. Historical lows the Republicans are fighting to maintain. Bush was on the wrong side of the Laffer curve.

Combine the tax cuts with the prescription drug benefits which drove up Medicare costs and Bush laid the entire groundwork for this mess. He is arguably the worst President in history

 

[Sactowndog]

But you forget that when a democrat is elected president, reality shifts into another realm in which the 'tax and spend' republicans change color. Imagine if an independent ever won the presidency the whole political universe of dems and repubs would need psychiatric help, reality would enter a third dimension and both d's and r's would be lost wondering who's on first or even second.

We can only hope