Tax Cuts, Wars Account for Nearly Half of Public Debt
Ezra Klein, anticipating a lot of Republicans disingenuously blaming Obama for the national debt, points to a Center on Budget and Policy Priorities chart showing that the increase in the debt comes almost entirely from Bush-era policies.
Kevin Drum says, "Their success at convincing half the country that Barack Obama is responsible for our soaring debt is surely one of the greatest political propaganda victories of all time."
It's also a press failure.
The debt is inflated because
| You need to be a member in order to vote on this poll! | |
| Results: | |
| Bush racket it up sky high and dumped it on the next president | |
 |
(24) 60% |
| Obama did nothing | |
|
(10) 25% |
| Clinton tarnished the White-house after the Lewinski ordeal | |
|
(1) 2.5% |
| I really don't give a crap | |
|
(5) 12.5% |
| Total Votes | 40 |
| Expiration Date | 1/31/2020 |
Added: Sep-1-2012
By: Rhemis
In: Politics
Tags: Corporate Influence, Economic Fairness, Graphics, Republicans, Shocking, War
Marked as: approved
Views: 1321 | Comments: 68 | Votes: 3 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 1
By: Rhemis
In: Politics
Tags: Corporate Influence, Economic Fairness, Graphics, Republicans, Shocking, War
Marked as: approved
Views: 1321 | Comments: 68 | Votes: 3 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 1
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tax the rich.
common sense.
you beleive in trickle down, joe? you'll be left waiting for something that won't come.
Posted Sep-1-2012 Byyourboss (207.60) 
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(8)
Simple equation. Republicans in power = war, poverty and oppression.
Posted Sep-1-2012 Byhellgremlin (763.22) hellgremlin Send Message
(7)
@hellgremlin
well, you're right about one thing, it IS 'simple'!
'simple' for simpletons!
Posted Sep-1-2012 Bymikedelta12 (374.70) 
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(1)
Anyone with half of a brain should realize this. Unfortunately that leaves a lot of people on here out.
Posted Sep-1-2012 Bycdlcrash (349.80) 
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(7)
75 % bush at my time of reading.. hmmm never would have seen that.
Posted Sep-1-2012 Bystixtoo (125.10) stixtoo View Channel Send Message
(5)
100% of public debt is caused by government spending.
.
Posted Sep-1-2012 ByDontTreadOnMe2 (298.00) 
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(5)
@DontTreadOnMe2 Exactly.
Posted Sep-1-2012 Bylonewolf6972 (687.86) lonewolf6972 View Channel Send Message
(3)
Government spending accounts for 100%.
Posted Sep-1-2012 Byjoe prole (1708.70) 
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(5)
The problem with this is that it's just not true. The estimate of the cost of the Bush-era tax cuts is highly subjective, and liberals opposed to tax cuts always overestimate how much tax cuts will "cost" the government.
Historically, tax cuts have had very little impact on government revenues, and much of that impact has often been positive. When JFK cut tax rates in 1963, the next several years saw the economy grow rapidly and the government collect a larger percentage of that lar More..
Posted Sep-1-2012 Bybuzzardist (362.84) 
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(3)
@buzzardist
Excellent comment. Bravo. Wonder if any libs will understand it?
Posted Sep-1-2012 Bycopperdog3 (1055.44) 
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(1)
( ( ( ( ( ( ( ( B U L L S H I T P O L L ) ) ) ) ) ) )
Posted Sep-2-2012 Bykevinm16 (314.58) kevinm16 View Channel Send Message
(2)
@kevinm16 I know.."Obama did nothing??" What does that mean he's innocent?
Posted Sep-2-2012 Bykle57 (513.86) 
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(0)
Maybe Obama should get out of Afghanistan and maybe he shouldn't have extended the Bush Tax Cuts.
Posted Sep-1-2012 ByJammer7 (78.70) Jammer7 View Channel Send Message
(2)
@Jammer7 ....he has tried to stop the tax cuts but has been stymied by a Republic'nt Senate - remember all of those screaming Tea Baggers?
Posted Sep-1-2012 ByNepean109 (1033.80) 
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(0)
@Nepean109
Not really, they were set to expire in 2010 I believe, but Obama renewed them. All he had to do was nothing to get them to expire.
Posted Sep-1-2012 ByLazerhead (277.58) Lazerhead View Channel Send Message
(2)
@Nepean109
You do know that the Democrats control the Senate.
Posted Sep-1-2012 ByRob8729 (866.62) 
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(1)
@Lazerhead He promised the middle class he would't raise taxes and the republicans refused to pass a bill without a part for the rich.
Posted Sep-1-2012 Byneutral_person (159.42) 
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(0)
@Nepean109
You're just a laugh a minute. Are you really that stupid? Really?
Posted Sep-1-2012 Bycopperdog3 (1055.44) 
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(0)
All this proves is that Obama is a massive moron who can't rectify the problems left by the last moron and he's seriously in over his head and should GTFO.
Posted Sep-1-2012 ByRob8729 (866.62) 
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(2)
Well this poll is loaded.
Posted Sep-1-2012 Byneutral_person (159.42) 
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(2)
@neutral_person aren't they all though?
Posted Sep-1-2012 Bymaxwellthebest (764.10) 
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(-1)
@neutral_person What? How can you possibly say that?
<sarc>
Posted Sep-1-2012 Bylonewolf6972 (687.86) lonewolf6972 View Channel Send Message
(0)
@maxwellthebest True.
Posted Sep-1-2012 Byneutral_person (159.42) 
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(0)
To believe this, one has to have a very poor understanding of basic economics.
Posted Sep-1-2012 Bylonewolf6972 (687.86) lonewolf6972 View Channel Send Message
(1)
@lonewolf6972
Yeah. Like a liberal.
Posted Sep-1-2012 Bycopperdog3 (1055.44) 
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(1)
@copperdog3 Bingo
Posted Sep-2-2012 Bylonewolf6972 (687.86) lonewolf6972 View Channel Send Message
(0)
Let's see, If I take a pay cut at work, it increases my debt load!?! No, it forces me to be more frugal. Bush tax cuts added ZERO to the national debt, Obama spending like a drunk has added TRILLIONS. Your post is a fail...
Posted Sep-1-2012 ByNick Smith (2.30) Nick Smith View Channel Send Message
(1)
@Nick Smith You're pretty ignorant of reality aren't you.
Posted Sep-1-2012 Byhellgremlin (763.22) hellgremlin Send Message
(-2)
@hellgremlin No he's not. he's spot on target. you! on the other hand, are completely ignorant, and a complete Obama apologist.
Posted Sep-2-2012 Bynickgj83 (419.26) 
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(0)
@Nick Smith Debt is the total of amounts owed and revenue taken in. The tax-cuts for the rich then has to result in more debt!
Posted Sep-2-2012 Bydownhill2400 (1356.98) downhill2400 View Channel Send Message
(-1)
Sorry Libbers..... Revenues ONLY came down when the economy went bad! BUT spending went WAY UP! Don't go by what a liberal think tank shows you to massage your ergo!! There is NO WAY the Bush tax cuts could EVER amount to the difference in the rising debt each year under Obama. They just want MORE money to spend!
Revenue went down in 2008 & 2009 but has gone UP every year after!
http://www.usgovernmentspending.com/federal_deficit_chart.html
Posted Sep-2-2012 Byprintemp (11.86) printemp View Channel Send Message
(1)