Quote:
Originally Posted by cologal
Lets see.....when exactly were the tax cuts put in place....certainly not 1.5 years ago. Now I will bashed for this but what the heck this most likely is my last post on this forum cause its not worth my time anymore.
So the tax cuts went in and the Republican Congress went on spending spree which included 2 unfunded wars and 1 major expansion of the Medicare entitlement program. GW Bush NEVER vetoed a spending bill until the Dems got into power. And yet its all the Dems fault. If you believe Richie its Barney Franks fault....he caused all those failed mortgages. He personally bundled them up rated triple A, when they were junk and them sold...Making millions of profit for himself.
I have said repeatly there is enough blame to go around for this financial crisis but on this forum that seems not to be the case. You all have fun.
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Colagal,
This time I agree with you. The tax cuts did create jobs, however, Congress was able to spend faster than ever before. George Bush's failure to use the veto pen made the situation even worse. We should have learned from the Johnson presidency that you cannot have 'guns and butter'. Medicare part D is another unfunded program and should have never become law.
Today, the situation is getting worse. Spending has grown to the point where 40% of what the government spends is borrowed money.The military supplemental bill now contains more money in earmarks than is being provided to the military.
Europe is facing up to the fact that austerity by government is needed in order to provide for a future that keeps all of them from going the route of Greece. The United States, on the other hand, is still trying to spend its way out of debt. It didn't work in the thirties and won't work now.