Quote:
Originally Posted by Robbie
That's not the original way it happened.
What happened was our country was running a SURPLUS.
I remember Bush on t.v. when he announced the tax cuts. He said (correctly), that the money belonged to the American people and he wanted to give it back.
That is the right thing to do. Bush was right 100%.
BUT...he turned around and started spending like a drunken sailor.
And not only on wars. But also on the prescription medication bill and tons of other social spending and foreign aid spending.
He never saw a chance to spend money that he didn't take.
And you're right that once he started spending like crazy we no longer had a surplus and it was time to re-think the whole thing.
But if he had kept govt. spending at the rate it was at...then yes, the tax cuts should have been done and the lower rates preserved.
And also don't forget that every year...until now...Obama said the tax cuts had to be kept because it was a "bad idea to raise taxes during a recession"
He only changed that when he ran for re-election this year and had to appeal to the tax and spend far left wing of his party. For his first 3 years he kept the "Obama tax cuts" firmly in place and lobbied to keep them.
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If people save for a rainy day so should the government because it is what fixes shit when it goes wrong (not debating if it should, just that it does).
Bush was just giving lip service.
The Iraq war was sold on a lie and was happening no matter what and he knew that. He wanted to be popular and spend like a drunken sailor.
Plus we had a surplus but we still had debt when Bush advocated for his tax cuts. Why not use the surplus to pay down the debt?
Obama was still dealing with extremely high unemployment until just recently. Now it's high or maybe really high.
We can't keep waiting though. The world is losing faith unless we can show we have a plan.