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Politics : American Presidential Politics and foreign affairs

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To: tejek who wrote (44804)	8/11/2010 12:33:05 AM
From: TimF	Read Replies (1) of 71588

"If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. Tax cuts don't cost money, which is not to say that they don't (often but not always) reduce our ability to pay for the spending (which does cost money), so they can impact the fiscal situation in a negative way. But the negative impact was much smaller than the massive spending increase that happened in the same time period. If you mean to say that since Bush was a Republican and since many Republicans voted for all the non-entitlement spending increases (with the entitlements increasing under a previously determined formula) that the Republicans caused damage through massive spending, than I agree, but the Democrats where typically calling for more spending (at least for the non-military programs which represent over four fifths of our spending) not less; and also the damage, while important, was not the destruction of our economy. And that fiscal damage is now being added to by all the new Obama spending.

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