And yet Wages were essentially stagnant and this is a consumer spending based economy.
Andf even with such growth in revenues Bush still overspent by around 5 trillion.
Not really anything to be proud of.
Would you PLEASE do some DD before you vote again
GWB added 700 billion through 08 budget, thats all
2009 he added about 300 more billion
BHO added the same or more in 09, and then added another 500 billion in 2010
Your talking Debt, not sepnding
And GWB only added 2.5 trillion the debt thru 08 and another 1.25 in 09
50% of 09 was BHO
President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President ObamaÂ’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.
which we know turned out to be allot more
The Truth about Obama's Budget Deficits, in Pictures
The Obama Budget: Spending, Taxes, and Doubling the National Debt
Federal Spending By the Numbers 2008
President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
Under President Bush's reign, $6 TRILLION DOLLARS was added to the National Debt total. Under President Bush's reign we had the HOUSING BUBBLE....and during this BUBBLE more people were working, more realtors, more carpenters, more plumbers, more roofers, more general contractors, more appraisers, more loan officers, more Real Estate investors/ Flippers, etc etc etc etc etc....and more people playing around in financials on wall street and in the banking industry betting for and against this bubbled market....amazing what bubbles can do eh?
Do you truly believe that revenues increased due to the tax cuts only and not because of the FAKE AND PHONY SHAM OF A HOUSING BUBBLE? Bush's first set of tax cuts took place in 2001, his second set of tax cuts in 2003, and tax revenues DID NOT GO HIGHER than what was collected in 2000 during Clinton's last year, until the year 2005...that was 5 years of tax revenue LOSSES compared to before the tax cuts, before he had a slight increase in taxes over the last year of Clinton in 2005 and then the whole country fell to its knees beginning in 2007 and was obliterated in 2008.
I have no idea where you are getting your numbers from, but you are clearly not considering several factors and are leaving out what was added to the National Debt under him, you keep trying to use the Public Debt and NOT THE TOTAL NATIONAL DEBT, WHY IS THAT? His spending went from Clinton's last budget of spending around 2 trillion a year in total to President bush's last fiscal year of spending around 3.5 trillion a year....his spending increases were BEYOND REASON, skyrocketed the spending of our federal government more than any president in my life time, and I am no spring chicken. (in the 4 years Obama will be in office, he has raised spending by ONLY 300 billion....over bush's last year of spending, NOT the $1.5 TRILLION a year that president Bush had raised federal spending after his 8 years)
Also, his deficits appeared lower than the $6 trillion he added to our total national debt because the Social Security Surpluses that were collected during his presidency were the HIGHEST in Social security's history....and these social security surplus revenues "masked" Bush's deficit spending because they were never put in to a lock box as he had promised during his campaign.
$2.3 TRILLION in Social security surplus Revenues masked the deficits that are shown during his presidency.
President bush's last fiscal year of responsibility, the deficit spending was $1.4 trillion dollars and ONLY 150 billion to 200 billion of that was what Obama had signed and added to it before September 30 of 2009....all other spending that Obama had signed off on took place during HIS first fiscal budget, after september 30th of 2009, which began the 2010 fiscal year.
If it were merely the Bush tax cuts that added revenue then why did all hell break loose in 2008, and Humpty Dumpty's wall crumble?
It was the Housing bubble.