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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (543466)	1/13/2010 9:55:49 AM
From: i-node	1 Recommendation Read Replies (3) \| Respond to of 1574577

>> Bush got in he seemed to have NO objection to cutting taxes. Do you think cutting taxes was responsible for the deficits under GWB? Or could it have been uncontrolled federal spending? '01 1863 '02 2011 '03 2160 '04 2293 '05 2472 '06 2655 '07 2729 '08 2983 '09 3998 OBAMA '10 3591 OBAMA (CURRENT PROJECTION) The distinction is important because there are those who claim that tax cuts caused the deficits when, in reality, total revenue increased over the same period. Tax cuts aren't the problem. Unconstrained spending it. And today comes news that the actuary for Medicare tells us that the president's so-called cost-cuts (AKA "health care reform") will COST AN ADDITIONAL $200 BILLION.

To: RMF who wrote (543466)	1/14/2010 7:31:13 PM
From: tejek	Read Replies (1) \| Respond to of 1574577

During the Clinton Administration he was telling Clinton that deficits were TOO high and Clinton needed to raise taxes, but when Bush got in he seemed to have NO objection to cutting taxes. Agreed. He did keep his mouth shut no matter what bad thing Bush did. He was RIGHT THERE when all these LIAR LOANS started coming out but I don't remember him making any BIG speeches about the possible consequences. Frankly, I don't think he knew. Who knew were the bank VPs, the underwriters, the processors and the appraisers.........and none of them were talking.