Toronado3800
Gold Member
- Nov 15, 2009
- 7,608
- 560
- 140
Failed cut taxes?
Dont believe it. The tax cuts enacted by the U.S. Congress in 2003 were an important cause of an economic expansion that roared for some 50 months and created 8.1 million jobs. The opposite philosophya stimulus that has crowded out private investment, plus an enormous health bill and a nightmarish financial regulatory package that are killing job creationhas only delayed recovery and left us with 9.1% unemployment.
You wont hear this from liberals. What you hear instead is a straw man argument that the tax cuts failed to pay for themselves. The Bush Administration and congressional leaders at the time went out of their way to be clear that the tax cuts were not expected to pay for themselves.
Morning Bell: The Truth About Tax Cuts - The Foundry: Conservative Policy News Blog from The Heritage Foundation
Greed killed this growth from the private sector
Had nothing to do with income tax rates
Why America Is Going To Miss The Bush Tax Cuts - Forbes
By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
Read more: DWYER: Bush tax cuts boosted federal revenue - Washington Times
Follow us: @washtimes on Twitter
DWYER: Bush tax cuts boosted federal revenue - Washington Times
we were within 162 billion of a balanced budget in 2007
now its over 1 trillion
now I ask you again
why do you think BHO is doing a good job?
So Bush went from a balanced.budget.to a 160 million deficit then.to one.how.many.times.that on an unsustainable economy and he did good, yet Obama has decreased his deficit over the last how many years and he is bad?
GWB was handed 9-11
How has BHO decreased an event that he is responsible for?
GWB was handed 7 major hurricanes including katrina
BHO added over 500 billion to the baseline budget in 2009 in 12 weeks
Sense that date we have had no budget
ever ask your self why?
The last GOP budget was 2.7 trillion
2007 United States federal budget - Wikipedia, the free encyclopedia
The 2012 budget was 3.8 trillion
http://en.wikipedia.org/wiki/2012_United_States_federal_budge
Now exactly how has BHO did anything but lie to you and make this a mess we can never fix?
in 2007 we had a revenue of 2.5 trillion
in 2012 that same number was 2.45 trillion
Why 2007?
congress does the budget to start with
and
GWB did not sign his last budget, BHO did
after adding over 500 billion in 12 weeks
with automatic increases (that is why there has been no budget sense) that number has increased by another 300 billion
BTW we won the Iraq war sense, that 150 billion a year should have been gone
So in reality he has added 1.2 trillion to the 07 budget and 800 billion sense 2009 baseline as submitted by W
Now explain to me how we went from 162 billion to well over 1 trillion and you see that as a reduction?
So the end.of Bush W's presidency was 2007? Why did you pick that year? Don't we want to use 2008 (9?) for accuracy? Obama took office in what, January of 2009, right?
And didn't we go over this weather thing before? If you do want to claim it I need your quotes for a thread or two about the dust bowl and FDR's recovery speed.