How Republicans Screwed the Pooch

Discussion in 'Politics' started by Lakhota, Jul 30, 2011.

  1. Lakhota
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    Lakhota Diamond Member

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    Republicans say they want to save the country from Obama’s reckless spending. But as Paul Begala argues, it’s the GOP’s policies that have driven the nation into the ground.

    There it sits, lonely and forlorn on my shelf. A leather-bound copy of the 1999 Budget of the United States of America. A gift from President Clinton to the folks on his team, it was the first balanced budget in decades.

    But it wasn't supposed to be the last. Indeed, experts projected surpluses as far as the eye could see. $5.7 trillion in surpluses, to be exact. The surpluses were so strong that deep into the future—in 2009—the entire national debt was going to be zero. For the first time since Andy Jackson was president, the United States of America would not owe a dime.

    It didn't quite work out that way, did it? As Washington seems paralyzed, our economy stagnates, and America's full faith and credit is on the brink, it is useful to recall how we got here. This was not an act of nature. There was no unforeseen earthquake, no tsunami, no hurricane that wiped out our surplus. It was instead a Republican House, a Republican Senate, and a Republican president who squandered the surplus. In full possession of the federal government for the first time since Eisenhower, the GOP—with, to be fair, some help from some very foolish Democrats—systematically dismantled the economic and fiscal policies that produced the strongest economy and largest budget surplus in our history.

    Specifically, they did four things: cut taxes (with a heavy tilt toward the rich), waged two wars on the national credit card (one of which was against a country that had nothing to do with 9/11 and posed no serious threat to America), passed a prescription drug benefit with no pay-for (the first entitlement in American history without a revenue source), and deregulated Wall Street (which helped turn the American economy into a casino and touched off the Great Recession).

    I recap all that not to further depress you, Dear Reader. But it is striking how absent that history has been from the coverage of our current crisis. I can understand why the GOP doesn't want to remind folks of how they screwed the pooch. Indeed, they have a competing myth—that Washington went on a spending binge; radical young President Barack Obama went crazy with the national credit card. That, of course, is nonsense. But too few Democrats—and almost no media commentators—have countered the mendacious right-wing storyline.

    Speaker of the House John Boehner (left) and House Majority Leader Eric Cantor listen during a news briefing after a House Republican conference meeting June 22, 2011, Alex Wong / Getty Images

    Just as bad as ignoring how we got here, we risk missing the story of precisely where the GOP wants to take us. In the coverage of the game (Will Boehner find the votes? Will the Tea Party really drive us off a cliff? Will Eric Cantor lead a revolt?) we sometimes neglect the substance of the proposals. Just what kind of country do the Republicans seek to build? Instead of seeing it as a bargaining chip, perhaps we should treat the GOP proposal as a serious governing document.

    What the GOP seeks is a banana republic: a toxic blend of right-wing populism, anti-intellectualism, debt defaults, and an end to the ladder of economic opportunity.

    Bob Greenstein, the widely respected president of the nonpartisan Center on Budget and Policy Priorities, has done just that. His conclusion:

    The Boehner-GOP plan is "tantamount to a form of ‘class warfare.’ If enacted, it could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history."

    More: Republicans on the Debt Ceiling: Screwing Over America - The Daily Beast

    It's nice to be reminded of who really caused this mess.
     
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    Last edited: Jul 30, 2011
  2. JoeB131
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    JoeB131 Diamond Member

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    Hey, Lahkota, it's time for Obama to put on his big boy pants and actually take responsibility for his own government.

    Clinton did claim there were going to be surpluses as far as the eye could see. He also claimed he never had sex with Monica Lewinsky. The man couldn't tell the truth if his legacy depended on it.

    Fact is, the reason we are in such a mess is government spends too much. And frankly, Bill Clinton deserves part of that blame because he's the one who signed all the free trade agreements that made it easier for big corporations to move jobs overseas. That's why we are really in debt.
     
  3. Mr.Nick
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    Mr.Nick VIP Member

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    Democrats can philosophize their own failures all they want...

    Our problems today are the result of progressive liberal ideas and republican legislators that sold our nation out to those ideas as a knee-jerk reaction to accusations from the left.

    Now you can call this new crop any name in the book and they wont budge - They're not the neo-cons that can be moved and shaken by accusing them of being "racists" or that they "hate the poor."

    BTW, it was the useless democrat voting base that caused this mess right after Bill Clinton and Al Sharpton got done getting them free homes that those said democrats could borrow against AND NOT PAY BACK WHAT THEY BORROWED.

    It's called the CRA amendments Clinton guilted congress into legislating in 1993 and 1994....
     
  4. Old Rocks
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    Old Rocks Diamond Member

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    Boy, tell the truth and the dumb fucks come out of the closet. Look how many jobs were created in the Clinton Administration. Compare that to the Bush Administration. You Conservatives crashed not only the US's, but the world's economy in 2008, now you are going to do the same in 2011. And you are proud of it. Talk about nihilist bastards.
     
  5. Mr.Nick
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    Mr.Nick VIP Member

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    YES, jobs were created under Clinton because people were spending BORROWED MONEY because Clinton believed homes (asset backed security) were a RIGHT and people borrowed against those assets..

    Do democrats not understand that???

    Now the assholes NEVER PAID BACK THE MONEY hence our currant financial position.

    What the fuck do you think caused the housing crisis??? asshats in debt up to their eyeballs.

    Why were people in debt?? because they're greedy clowns that lived beyond their means.
     
    Last edited: Jul 30, 2011
  6. Skull Pilot
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    Skull Pilot Platinum Member

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    Compare the job situation of Obammy's admin to bush's and see what you get.

    It's time for a complete overhaul of our ineffective 2 party system.
     
  7. Skull Pilot
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    Skull Pilot Platinum Member

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    And don't forget the tech bubble that slick willy surfed,
     
  8. Full-Auto
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    LMAO As if you understand cause and effect.

    Please.
     

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