Tax cuts and war has depleted our nation and help lead us to recession. Recession has brought lower tax revenues and created more needs for funding safety nets. The cumulative losses and needs further our debt. Please factor this reality into why we are where we are today.
Yes, and republican tax cuts have also led to more republican spending, see Iraq and Afghanistan. Both expensive unfunded wars started by republicans on credit. That bill is due and the republicans are blaming others.
Lester gets this exactly right. Obama has said that the “Buffet Rule” should replace the “Alternative Minimum Tax” to help reduce and stabilize the deficit. But the Buffet Rule would bring in only $54b, while killing the Alternative Minimum Tax (affecting people earning $80k or more) will LOSE over $940b in revenue. Put another way, Obama is willing to give tax breaks to buy votes from the most (not richest) people…and it will only add ANOTHER trillion to the debt.
Bush’s Tax cuts for the wealthy is what emptied the pool in the first place and continue to keep it empty. That, along with his give away to big Pharm of trillions of dollars, two unfunded wars and allowing his rich military industrial friends to reap all those NO BID contracts!
Actually 12 trillion was in place when Dub’ya left. Obama inherited the conditions (i.e. great recession) that are responsible for most of the other 3 trillion.See:http://zfacts.com/p/1195.html
I love this one, Mike. How come your e-address doesn’t work any more? Write me and give me a new one so I can send you my favorite cartoon. Bob (R.C. Harvey)
Odon Premium Member about 12 years ago
cjr53 about 12 years ago
You are 100% correct.
And this cartoon is really disgusting.
cjr53 about 12 years ago
Yes, and republican tax cuts have also led to more republican spending, see Iraq and Afghanistan. Both expensive unfunded wars started by republicans on credit. That bill is due and the republicans are blaming others.
dannysixpack about 12 years ago
^cjr53, but you forget, the republicans blame the dems for the wars. after all they let bush do it.
Farley55 about 12 years ago
Lester gets this exactly right. Obama has said that the “Buffet Rule” should replace the “Alternative Minimum Tax” to help reduce and stabilize the deficit. But the Buffet Rule would bring in only $54b, while killing the Alternative Minimum Tax (affecting people earning $80k or more) will LOSE over $940b in revenue. Put another way, Obama is willing to give tax breaks to buy votes from the most (not richest) people…and it will only add ANOTHER trillion to the debt.
joe vignone about 12 years ago
Bush’s Tax cuts for the wealthy is what emptied the pool in the first place and continue to keep it empty. That, along with his give away to big Pharm of trillions of dollars, two unfunded wars and allowing his rich military industrial friends to reap all those NO BID contracts!
zoidknight about 12 years ago
Most of it was Obama and the Obamacare and Obamanomics.
wlcary about 12 years ago
You really don’t have a clue do you…
charliekane about 12 years ago
Actually 12 trillion was in place when Dub’ya left. Obama inherited the conditions (i.e. great recession) that are responsible for most of the other 3 trillion.See:http://zfacts.com/p/1195.html
Mac61 about 12 years ago
The hole that drained the pool was relay Abraham Lincoln, he allowed paper money for the first time and thereby made progressive-ism possible.
rcharvey Premium Member about 12 years ago
I love this one, Mike. How come your e-address doesn’t work any more? Write me and give me a new one so I can send you my favorite cartoon. Bob (R.C. Harvey)