georgephillip
Diamond Member
- Thread starter
- #101
Bush moved into the White House in 2001 when the deficit was at -1.25% of GDP.good then do it, and when "the people" want to come after YOUR ALL'S earnings, I say GO FOR IT.
Who is going after "ALL" of anyone's earnings? When, in our history, have we ever gone to war and NOT raised taxes? Can you find an instance? Have fun looking, but I'll save you some time. It hasn't happened...until now. We are currently engaged on TWO FRONTS in wars that are not paid for. We cannot keep up this pace and NOT raise taxes. Our deficits are LARGELY the result of two wars and the Bush tax cuts. If you are serious about decreasing the debt and deficit of our country, then raising taxes has to be part of the conversation (as well as cutting military spending).
The War on Terror, Hellooooooooooooooooo! Bush CUT TAXES!
Now, let an adult explain something to you. The War on Terror did not raise the deficit that much. OBAMA RAISED THE DEFICIT!
US Federal Deficit as percent of GDP - Charts Tables HistoryUS Federal Deficit As Percent Of GDP
2001 -1.25
2002 1.48
2003 3.39
2004 3.48
2005 2.52
2006 1.85
2007 1.14
2008 3.18
2009 9.91
2010 10.64
Now THAT is the truth about the DEFICIT. The wars did not raise the deficit as Obama would lie to you. As a percent of GDP the war was very small.
What raised the deficit was OBAMA SPENDING. He didn't triple the deficit, he QUADRUPLED IT!
The answer to that is NOT raising taxes, it is ending the activity that caused it in the first place. YOU HAVE TO CUT SPENDING!
Even in Obama took all the money these rich made HE WOULD NOT PAY OFF THE DEFICIT.
The government spends more than it takes in!
Now that is the truth, you refuse to see, because it isn't what your wonderful teachers, professors and other liberal "experts" are telling you, BUT THE NUMBERS DON'T LIE.
The fact is, the deficit was not that high during the Bush admin. IT ROSE UNDER OBAMA.
Deal with it.
Bush moved out of the White House in 2009 when the deficit stood at 9.91% of GDP.
Republicans AND Democrats AND Wall Street ARE the problem.
Deal with that or stop lying about being free.