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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: mistermj who wrote (168423)	8/8/2011 7:29:09 PM
From: Wharf Rat	Respond to of 544051

"Then look at 2008 (the last budget that President Bush signed)" That would be 2009.

To: mistermj who wrote (168423)	8/8/2011 9:46:25 PM
From: Cogito	Read Replies (1) \| Respond to of 544051

2009 was the last budget Bush signed. Not 2008. The US fiscal year goes from October 1st to September 30th.

To: mistermj who wrote (168423)	8/8/2011 10:16:47 PM
From: Sam	Read Replies (2) \| Respond to of 544051

Yeah, right. Here are the years of Bush's budgets (2001 budget was the last one Clinton presented and signed). Receipts Outlays Diff 2002 2028 2201 -172 2003 1901 2303 -402 2004 1949 2377 -428 2005 2153 2472 -318 2006 2324 2563 -239 2007 2414 2565 -151 2008 2286 2702 -415 2009 1898 3172 -1274 Don't forget that Bush passed two, not one, tax cuts. Both using the tactic of reconciliation. A lot of the economic activity that took place in Bush's second term was predicated on real estate sales that generated a lot of jobs (read: lots of tax revenues) and other business activity that in turn was the result of Greenspan holding interest rates way too low more than Bush's tax cuts. Bush's bubble and Clinton's bubble both ended badly. At least Clinton's bubble ended with the treasury in surplus. Bush's bubble, with his lowered taxes ended with gargantuan deficits. Great way to waste a bubble, lol. You would have to go back to 1997 to find a year where tax receipts were as low as in 2009. yeah, I know, 2009 was all Obama's fault while the Clinton years was all Reagan's magic. Spare me your cant. I have no idea which is worse--you expecting someone other than the ideologues on the "Professional" thread to actually believe the things you write, or you might even believe it yourself! Astonishing. The only reason I replied to your post at all was because at least you included a good link to that table. taxpolicycenter.org