House GOP Declares Unanimously: Bush Tax Cuts Did Not Blow Up The Budget

[Mr. Shaman]

Every House Republican voted Thursday to reject the proposition that the Bush tax cuts added to the deficit.

House GOP Declares Unanimously: Bush Tax Cuts Did Not Blow Up The Budget

"When the Republicans passed the Bush Tax Cuts, they told us that they would pay for themselves," Peters said in an official statement. "We now know that this added over $2 trillion to the deficit and by forcing an up or down vote on this amendment, I'm giving House Republicans the opportunity to recognize this fact."

House Dem To Force Vote: Did Bush Tax Cuts Add To The Deficit

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Republicans voted unanimously to rewrite history and it worked. History has been rewritten. They are amazing.

Tax cuts didn't cause the deficit problem government spending did. Did you know that tax revenues were higher during the first three years of the Bush Presidency than they have been during the first three years of the Obama Presidency? So how is that?

.....'Cause we're relying on your imagination for those facts?

​

 

[Mr. Shaman]

The only other tax I'd start is a transaction tax on Wall Street, object being to raise capital and grow the economy instead of having the Global Casino. I'd stop derivatives and short sellers by taxing them into long positions.

Damn.....long-term investments....whatta concept!!

*

 

[Mr. Shaman]

This is what the GOP congress is reduced to? Proclamations of nuh uh!!!!????

No wonder they have single digit approval.

Bingo!!!!

*

Let's HEAR IT!!! for that Teabagger Class O'.....
2010!!!!!

 

[Mr. Shaman]

Who in their right mind lowers taxes, starts a war, and then lowers taxes again?

Sheer genius, huh??

 

[Mr. Shaman]

Thanks for making my point.

The supposed "Bush" tax cuts were enacted to bring the economy out of recession, what happened?


Present day, recession, followed by raising taxes or the threat of raising taxes...followed by spending orgies....

What follows, unemployment above 9 percent for god knows how long and a depressed economy.

Holy shit. I have seen a lot of stupid shit on this forum, but this one wins first prize.

It is astonishing the leaps and twists people will make to blame Obama retroactively for the recession, but this is a full-on delusion.

There was no tax increase! And to say the recession was caused by a THREAT of a tax increase? HOOOOOOOOLY SHIT!

Read slowly,

Where did I state that the recession was caused by a threat of a tax increase?
My point is under Bush taxes were reduced, end of recession.

Under Obama, tax hikes were threatened, Corporate America sat on their trillions of capital. Meanwhile, unemployment has remained high.

Very creative.

"....the CFO of the corporation I was working for called a meeting and said, "The President keeps talking about the economy being 'bad.' Now, things don't seem bad, but let's just hold off on any new hires until we see how this pans out. And, let's hold off on all non-vital purchases, just for the time being."

This, of course, all snowballed."

Recession; By Lil' Dumbya​

$​

"I knew the economy was not in good shape right after I took office," he said. "We will do everything we can to enhance recovery."

Bullshit; By Dumbya​

$​

"Analysts agree that the US economy has slowed in recent months, but some warn that the Bush team risks turning a dramatic downturn into a self-fulfilling prophecy.

They say negative comments, which they believe have caused the markets to fall sharply this week - can often feed on themselves."

The "Neighbors" Notice​

​

 

[zzzz]

If we had not initiated 2 wars we would not have been talking about this.

The U.S. wars in Afghanistan, Iraq, and Pakistan will cost between $3.2 and $4 trillion, including medical care and disability for current and future war veterans. This figure does not include substantial probable future interest on war-related debt.
More than 31,000 people in uniform and military contractors have died, including the Iraqi and Afghan security forces and other military forces allied with the United States.
By a very conservative estimate, 137,000 civilians have been killed in Iraq and Afghanistan by all parties to these conflicts.
The wars have created more than 7.8 million refugees among Iraqis, Afghans, and Pakistanis.
Pentagon bills account for half of the budgetary costs incurred and are a fraction of the full economic cost of the wars.
Because the war has been financed almost entirely by borrowing, $185 billion in interest has already been paid on war spending, and another $1 trillion could accrue in interest alone through 2020.
Federal obligations to care for past and future veterans of these wars will likely total between $600-$950 billion. This number is not included in most analyses of the costs of war and will not peak until mid-century.

Estimated cost of post-9/11 wars: 225,000 lives, up to $4 trillion | Brown University News and Events

 

[Decepticon]

How do you come to an agreement with people who cannot come to an agreement about reality?

Look tardbuckets, there's only TWO equations to the budget.
Revenues.
Spending.

Spending is no higher today than it was under the conservatives' false god, Reagan.

USGovernmentSpending.com Past Spending Briefing

So, the only piece left to look at is taxes and what's happened to them?

Oh, why they've gone down. And with them, despite VOCIFERIOUS denials by our conservative friends to the contrary, revenues have not gone up due to tax cuts as promised.
If you look at tax revenues as a percentage of GDP, they are LOWER now than before the Bush Recesssion.

So, the question remains....how do you come to an agreement about real world problems when you hands are shackled by people who refuse to accept reality?

Answer: You don't. You mock them...you show how faulty their economic arguments are. You basically have to not only fully repudiate them, so that their disastrous economic agenda doesn't get enacted, you have to RUB THEIR NOSES IN THEIR FAILURE until they see they did wrong.

As evidenced by the conservatives posting on this board, that has not happened yet.
So more poo on the nose for them!

 

[Mr. Shaman]

Every House Republican voted Thursday to reject the proposition that the Bush tax cuts added to the deficit.

House GOP Declares Unanimously: Bush Tax Cuts Did Not Blow Up The Budget

"When the Republicans passed the Bush Tax Cuts, they told us that they would pay for themselves," Peters said in an official statement. "We now know that this added over $2 trillion to the deficit and by forcing an up or down vote on this amendment, I'm giving House Republicans the opportunity to recognize this fact."

House Dem To Force Vote: Did Bush Tax Cuts Add To The Deficit

------------------------------------------------------

Republicans voted unanimously to rewrite history and it worked. History has been rewritten. They are amazing.

The Bush Tax Cuts alone Absolutely did not "blow up the Budget" It was a combination of things.

Ya' heard-about-that, huh????​

January 13, 2008​

"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force. Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

*The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.

*Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

*The question now is not "will there be a recession?" but "how bad will it get?"

*The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.

After blowing the last downturn, we've been worried this one since last summer (see below). We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."

"U.S. Economy Screwed"​

 

[healthmyths]

NO matter HOW you try to ignore it..
Dot.com bust cost $5 trillion and as a result $166 billion a year NOT paid in taxes!
9/11 happened of course you don't believe that do you?? As a result $66 billion a year NOT paid!
worst hurricanes in history $1 trillion... $33 billion a year IN LOST TAX revenue!

Add $600 billion in Homeland security costs.
$1.2 trillion in Iraq/Afghan because you traitors ENCOURAGE THE TERRORISTS!

$2.1 trillion NOT coming in due to dot.com/9/11/worst hurricanes
1.8 trillion WENT OUT DUE to traitors like you...
Nearly $4 trillion and YET NONE of you evidently are SMART enough to know the FACTS!

 

[Mr. Shaman]

Every House Republican voted Thursday to reject the proposition that the Bush tax cuts added to the deficit.

House GOP Declares Unanimously: Bush Tax Cuts Did Not Blow Up The Budget

"When the Republicans passed the Bush Tax Cuts, they told us that they would pay for themselves," Peters said in an official statement. "We now know that this added over $2 trillion to the deficit and by forcing an up or down vote on this amendment, I'm giving House Republicans the opportunity to recognize this fact."

House Dem To Force Vote: Did Bush Tax Cuts Add To The Deficit

------------------------------------------------------

Republicans voted unanimously to rewrite history and it worked. History has been rewritten. They are amazing.

Why are the House Democrats doing this shit?

WTF does it accomplish? Or are they 12 years old?

 

[merrill]

"House GOP Declares Unanimously: Bush Tax Cuts Did Not Blow Up The Budget"

A perfect example of how stupid and/or ignorant the GOP is about tax cut impacts...

 

[Wry Catcher]

That's weird, when Republicans enact a policy that turns out to be a devastating failure, they usually admit fault and work on correcting it right away.

"That's weird, when Republicans enact a policy that turns out to be a devastating failure, they usually revise history and blame it on Wilson, FDR, Carter, Clinton or Obama.

(sarcasm has its place, but sometimes the naked truth is better)