A general overview:
In end big debt and super duper bailouts were the results which does not seem to bother Republicans, as long as they are in power.
In fact, by the time the second Bush left office, the national debt had grown to $12.1 trillion:
* Over half of that amount had been created by Bush’s tax cuts for the very wealthy.
* Another 30% of the national debt had been created by the tax cuts for the wealthy under Presidents Reagan and George H.W. Bush.
• Fully 81% of the national debt was created by just these three Republican Presidents.
Social Security Q&A | Dollars & Sense
1. Let's hold the proper branch of government responsible for the deficit because only one branch of government has the constitutional authority to set spending and while its fun to pretend a President is actually responsible for it -only Congress is. A President can submit his preferred budget but most Congresses toss it in the trash -just as a Democrat Congress with super majorities did to Obama's and didn't bother to pass one at all. (Also you do know the reason Democrats refused to pass a budget at all in spite of having super majorities in both houses of Congress, right? It took Republicans gaining control of the House to get it to start doing its constitutional duty again and it has passed a bipartisan budget -but the Senate is still controlled by Democrats who REFUSE to bring it to the floor at all for a vote. Or even discuss it. ANY clue why? Tell you know it.) Liberals insist a Democrat President gets credit for what a Republican Congress has done and then insists a a Republican President not even in office for YEARS is to blame for what a Democrat Congress has and still is doing! How can you keep a straight face and insist Bush is to blame for the fact Democrats with SUPER MAJORITIES in both houses of Congress refused to put any brakes on their wet dream spending spree? Do you really not understand what is meant by "super majority" and the power that represents? Because I'm pretty sure you understood it when that same Democrat super majority rammed Obamacare down our throats against the will of the overwhelming majority of Americans and without a single Republican vote. Did you understand what that kind of power meant THEN? Oh, but not when it came to their SPENDING? Which SKYROCKETED? THAT was Bush? ROFLMAO! Get real -sorry, but no one with an IQ in the double digits or higher is buying that one.
A sitting President is either a willing abettor or a hostage to whatever Congress decides to do about spending. Once Democrats got control of both houses of Congress in Bush's second term -Bush was a hostage. Once Democrats got SUPER MAJORITIES in both houses of Congress and Obama won, Obama was a willing abettor. And worse -he didn't ever push Democrats to even propose or pass a budget at all.
Tell me you know the reason Democrats refused to pass a budget after they gained super majorities and didn't need a single Republican vote to pass anything they wanted. With the guaranteed votes for it, WHY would Democrats refuse to do it? Hmm?
2. The facts are what they are:
Year/Spending total/Deficit/President
2007 / $2.7 trillion/ $161 billion / Bush
2008 / $2.9 trillion / $239 billion / Bush*
2009 / $3.1 trillion / $407 billion / Obama*
2010 / $3.55 trillion / $1.17 trillion / Obama*
2011 / $3.7 trillion / $1.6 trillion / Obama*
*- Democrat-controlled Congress Remember, it is CONGRESS responsible for spending and the deficit and a President is either a hostage to what they have done or an abettor. With Democrats in control of both houses of Congress, Bush was a hostage. Obama was an abettor.
To a lot of people, liberals in particular, the word "trillion" is just a meaningless word that means "lots" -because no one has ever seen a trillion of anything and no one can count that high. There is no mental image of "trillion" because it is beyond our limited human brain to fully comprehend. But to put the deficit in better perspective under Bush when there were still enough Republicans in office to put some brakes on the Democrat wet dream spending spree under Bush and when there wasn't: if it were possible to continue counting nonstop, it would take 32 years to count to a billion. Unrealistic but within the realm of possible. It would take 32,000 years to count to a trillion. So the deficit for Bush's last year would have taken someone 7, 648 years to count it up. Under Obama most recent year, it would take 51,200 years to count it up. If you can't GRASP the significance of the difference in the first place because "billion" and "trillion" are just really nothing but meaningless "-illions" to you, then you can't begin to appreciate just how much spending really did skyrocket under ABSOLUTE Democrat control. And will still defend it like a mindless cow. Just as you did. Give us a good "MOOO" there, honey.
Pretending Bush is responsible for the skyrocketing deficit incurred by the SUPER MAJORITY control of Democrats with Obama in the White House is a MASSIVE LIE only dumb shits who WANT to believe it can buy into. If you don't know why it is -then no one should give any of your opinions any respect.
Finally reading another absolute MORON go on about "Bush tax cuts for the rich" is really sad. I hate to break the bad news to you because this is a favorite liberal lie -but that tax cut had no negative impact on government revenue. The problem is NOT that we aren't paying enough taxes. 2001 is the last year Congress spent less than it took in -and the rate of increase in their spending skyrocketed when they got super majority control of both houses of Congress. Just keeping it real here. Liberals never bother to think about the fact that government actually collects more revenue by having more people employed which more than offsets a small tax rate reduction. They would really rather see a more punitive tax rate even if it means much higher and resistant unemployment. Which is why unemployment under Bush average less than half of what it has been under this one.
There was a 2% across-the-board tax rate reduction. ACROSS THE BOARD -meaning every income earner in the nation was treated in the IDENTICAL way by our government. It was SPECIFICALLY done in order to stimulate the economy -which in case you didn't know this, it really DID. And a hell of a lot better than Obama funneling billions of taxpayer dollars to his RICH SUPPORTERS and Democrat MONEY LAUNDERING OPERATIONS! Only in the world of a dumb ass liberal, unless the rich are specifically EXCLUDED, then it must mean it was done FOR the rich, right? Do you have any clue how ******* stupid you sound? We had a recession and the ENTIRE point of the ACROSS THE BOARD tax rate reduction was to stimulate the economy. That tax rate reduction impacted everyone's pocketbook the EXACT SAME WAY -everyone kept 2% more of their OWN MONEY. Not someone else's money -only THEIR OWN. That is how an ACROSS THE BOARD tax rate reduction works -everyone keeps the identical percent more of THEIR OWN MONEY. Only a ******* moron would be against not keeping more of YOUR OWN MONEY. But liberals don't even pretend they consider those at the top to be fellow citizens with any kind of right to expect government to treat them the same as others. To liberals, those at the top are there to be parasited with nonstop demands that government force their veins open wider. And we saw in Greece what happens when their victims are finally bled dry and the money all gone. Riots, vandalizing and torching private and public property -apparently in the really stupid liberal belief that throwing violent temper tantrums will magically create money and new victims to bleed. But oh sure, its conservatives who believe in smaller, less powerful government and believe people should be encouraged to both succeed and be responsible, productive citizens instead of parasites who are actually the stupid ones -just keep telling yourself that.
It was not set up to be perverted and used as an opportunity to redistribute the wealth -because that would have nullified the stimulative effect ENTIRELY. Now I know liberals wouldn't have minded that at all -because then they would have moved straight into bitching about how the recession didn't get better under Bush. Like it having no effect on the recession would have been totally unrelated to doing something SO ******* STUPID as changing it to another redistribution of the wealth instead! So sure, let's say someone who earned among the highest incomes in the country that year -Oprah -kept another $200,000 of her OWN money -let's keep that one in mind because it is HER money FIRST at ALL TIMES - not money that belongs to someone else first. And that same 2% tax rate reduction means someone in the bottom bracket was kept another $150 of their own money. The liberal looks at that and says UNFAIR!! UNFAIR! Without bothering to mention the person keeping $200,000 more of HER OWN MONEY -still paid more than 14 times in
taxes what the person on the bottom even
earned. A 2% ACROSS THE BOARD TAX RATE reduction isn't a tax cut for the rich any more than it is a tax cut for the poor. It was an income tax rate reduction for everyone by the identical percent. The entire tax code and every single tax bracket shifted down by 2%. It means EVERYONE who earned an income at all kept 2% more of THEIR OWN MONEY. Not the money of someone else. And it is really that last part that really pissed off liberals -that it wasn't about confiscating money from those who earned it in order to fork it over to those who didn't.
If you want to stimulate the economy in order to relieve a recession -then you don't nullify your ability to do so by changing it to a policy of redistribution of the wealth which will actually make it WORSE!
In addition if you REALLY want to demand government start discriminating against its own citizens based on their income -then
perhaps YOU can explain why Democrats refuse to reform the tax code and set a tax rate and code just for small businesses instead of forcing them to be taxed under the individual tax rate. Every attempt by Republicans to create a separate and less punitive tax code just for small businesses is immediately shot down by Democrats -every time. Maybe you can explain that one. Nah, I know you can't so I'll clue ya in why Democrats bend over backwards forcing small businesses to pay much higher tax rates than corporations and refuse to create a separate tax rate and code just for small businesses. It's because of the high percentage that pay the highest tax bracket.
That way any attempt by Republicans to give small businesses a tax break in order to stimulate the economy, relieve an economic downturn and high unemployment -lets DUMB ASS liberals such as yourself insist it was really a tax break just for the rich.
Small businesses create more than 85% of all new jobs yet the average small business is operating near the edge and is likely to go out of business within five years. They are highly unlikely to have a high enough profit margin to be able to withstand an economic downturn for very long. The small business owner with a successful small business on average failed three times before. It is hard to succeed, it is even harder to pick yourself up after each failure and try again and these are traits we WANT to encourage -yet they on average pay a much higher tax rate than corporations, making it more difficult for a small business to even make a profit than any major corporation. And do NOT suggest we raise corporate tax rates. The US has THE highest corporate tax rate in the WORLD, making doing business just about anywhere BUT the US more inviting.
We have one of the WORST anti-business tax codes in the world for both small businesses and corporations. And then dumb ass liberals ***** about how corporations move their headquarters and jobs to other countries like they really just can't see any connection there and will demand even more anti-business punitive tax rates. Wow, I would really have to work at being that dumb.