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ORIGINAL: joether

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ORIGINAL: MrRodgers

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ORIGINAL: mnottertail
And it can also mean that the Bush tax cuts expired, therefore we are taking in more revenue, RIGHT?

.....except you do know of course, the repubs didn't let that happen. It wasn't until the very last repub extortion attempt that they suffered the ignominy of the Tpartiers that the top rate went to 39 something percent.

The point is, this nation should have NEVER allowed those tax cuts to take place to begin with, way back then! The Republicans believed they could bully Democrats using budget cuts on the Democrat's 'sacred cows' while the Republicans not only stayed safe, but grew. An the Democrats simply said 'go to hell' back to the Republicans. Within the first year in office, former President Bush turned a budget surplus from the last few years of the Clinton administration into the start of a growing deficit. Each year Mr. Bush was in office, that deficit grew. And it was added to the existing debt each year. Plus that $4 trillion war in Iraq paid with borrowed money didn't help the nation. Did we find any of those 'massive stockpiles' of 'WMD's'?

When Mr. Bush left office, the nation's economy was wrecked, the deficit was out of control, and the debt was rising sharply. To which I have always asked "Where was all the fiscal conservatives"? The answer: to busy spending like hogs in Iraq!

But this is only one component of the whole history of financial and economic problems this nation was facing and still is today. Its by no means the whole problem. An that is the mistake many conservatives keep making. That if this is solved, *POOF* everything is solved.

For this problem in particular, budget cuts are made, and taxes raised. I do not like it anymore than anyone else. We can take these two steps now and deal with things like adults; or wait a few years until its simply at the alarming level, budget cuts are further taken, and taxes raised MUCH higher. Think the economy is bad now? Wait until that future alarming time, and you'll get to see what a *REAL* recession looks like.