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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (613810)	5/31/2011 11:54:53 AM
From: TimF	Read Replies (3) of 1576811

Over the last decade (2001-2010) spending has increased by more than the size of the deficit. Spending increases account for 115 percent or so of the deficit, so its not true that tax cuts are responsible for the lions share. If you want to blame Bush, well he has a large share of the responsibility for that huge spending increase. (Much of it was for entitlements that where passed before he was in office, but he didn't try to reign in Medicare, instead adding Part D, he also made no serious effort to reform Medicaid, and he failed to do anything about Social Security). The blame for that increase isn't all on Bush, the congress at the time, the congresses and presidents when the entitlement programs became law, and at the end of the decade Obama, all share blame, but a big chunk does go to Bush. The tax cuts, even if you use static analysis which probably overstates the case by 40 or 50 percent) where small in comparison to the spending increases, so if you want to blame Bush you should blame him for being a big spender.

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