- Sep 19, 2011
- 28,421
- 10,007
- 900
NOT ONE comment refuted the following YET idiots liberals/conservatives alike continue to Blame Bush.. and spout the worn out stupid meme...
"spent like a drunken sailor"..
A) How many of you who continue those stupid cliches KNOW
1) Dot.com bust cost $5 trillion in market loss "The Stock Market Crash
of 2000-2002 caused the loss of $5 trillion in the market value of
companies from March 2000 to October 2002.[13]
Dot-com bubble - Wikipedia, the free encyclopedia
2) The 9/11 terrorist destruction of the World Trade Center's Twin Towers,
killing almost 700 employees of Cantor-Fitzgerald, accelerated the
stock market drop; the NYSE suspended trading for four sessions.
The stock market lost 16% of its value on 9/11. The stock markets
themselves estimate the real costs to the market in lost value and
profits at close to $2 trillion over time.
Economic terrorism: Bin Laden was major contributor to budget deficit - National economic policy | Examiner.com
3) Worst hurricane SEASONS in history.. actual costs that were written off
Federal/State/Local income, sales, and property taxes over $1 trillion!
So given nearly $8 trillion in losses the IRS allows tax payers to write off against income nearly $200 billion a year starting in 2002!
Consequently in Bush administration:
Total expenditures $33.618 trillion
Total income $28.298 trillion
Loss of $5.319 trillion i.e. more expenses then income.
But if dot com/9/11/worst hurricanes did NOT occur..
Total Income : $29.898 Trillion and
if expenditures excluded the following:
* HSD $512 billion Iraq War $700 billion...
Total expenditures : $28.686 Trillion
Creating a Surplus of $1.212 TRILLION!
Spending from 2001-2011 on Homeland Security about $649 billion.
Homeland Security Budget | Costs of War
So IF you idiots that blame Bush actually understood these EVENTS
OCCURRED and HAD a negative Affect on the economy, Federal Budget and if they HAD NOT occurred there would have been a $1.2 Trillion Surplus!!!
"spent like a drunken sailor"..
A) How many of you who continue those stupid cliches KNOW
1) Dot.com bust cost $5 trillion in market loss "The Stock Market Crash
of 2000-2002 caused the loss of $5 trillion in the market value of
companies from March 2000 to October 2002.[13]
Dot-com bubble - Wikipedia, the free encyclopedia
2) The 9/11 terrorist destruction of the World Trade Center's Twin Towers,
killing almost 700 employees of Cantor-Fitzgerald, accelerated the
stock market drop; the NYSE suspended trading for four sessions.
The stock market lost 16% of its value on 9/11. The stock markets
themselves estimate the real costs to the market in lost value and
profits at close to $2 trillion over time.
Economic terrorism: Bin Laden was major contributor to budget deficit - National economic policy | Examiner.com
3) Worst hurricane SEASONS in history.. actual costs that were written off
Federal/State/Local income, sales, and property taxes over $1 trillion!
So given nearly $8 trillion in losses the IRS allows tax payers to write off against income nearly $200 billion a year starting in 2002!
Consequently in Bush administration:
Total expenditures $33.618 trillion
Total income $28.298 trillion
Loss of $5.319 trillion i.e. more expenses then income.
But if dot com/9/11/worst hurricanes did NOT occur..
Total Income : $29.898 Trillion and
if expenditures excluded the following:
* HSD $512 billion Iraq War $700 billion...
Total expenditures : $28.686 Trillion
Creating a Surplus of $1.212 TRILLION!
Spending from 2001-2011 on Homeland Security about $649 billion.
Homeland Security Budget | Costs of War
So IF you idiots that blame Bush actually understood these EVENTS
OCCURRED and HAD a negative Affect on the economy, Federal Budget and if they HAD NOT occurred there would have been a $1.2 Trillion Surplus!!!