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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (6237)3/17/2009 5:32:34 PM
From: RetiredNow  Read Replies (1) | Respond to of 86355
 
First, the data shows that the largest contributor to our deficits are the Bush tax cuts. Second, the rich continued to increase their income during the 2000s, while the other 99% saw an after inflation decline in income. Combine those stats with the Bush tax cuts, which in absolute dollars were skewed to the top 1%, and you get a good foundation for my comment that we just saw our national debt increased by $5 trillion, most of which was due to the Bush tax cuts which went mostly to the top 1%.