Originally Posted by Bullitt5339
You do realize that shortly after Bush took over, there was a recession that was caused by Clinton era policies? And by his aggressive tax cuts and policies, he pulled us out of it pretty quickly. I guess no one remembers that, since it's convenient to forget. And Clinton didn't actually have a budget surplus, he did what others have done and moved discretionary money around to make it appear that there was, but we were still racking up a national debt during that time, just nowhere as large as we are now. At least a part of the current melt-down was caused by Clinton era policies put in place.... ie Fanny May and Freddie Mac and pushing lending institutions to made risky home lones that came crashing down just a few years ago, and are still a big problem in my area.
Look, I'm no Bush fan at all. I lost a lot of friends during my time in the Army before I was wounded and retired myself for no apparent reason and the Patriot Act was the largest Unconstitutional policy since the 1940's. But this 6 years later, blame Bush crap is getting a little old. While this started when Bush was in office, it could have been over for a long time now, given the proper policies and a more "hands-off" approach by Government toward big business. Obama won't even come out and say that the Sequester was his plan and idea at all now. All he wants to do is put police and fire personnel behind him and say they're going to lose their jobs when the fact is that 98% of police and fire are paid by local and state governments.
If they can't make a 7% cut in discretionary spending without it being this massive overhaul that they say will hurt everyone, they need to go back to a simple budgeting class. I've loss more than 7% this year to my income because of health spending and tax increases, so I don't feel bad for any of them. They've had 18 months to figure this out, but it wasn't important to them.
The ship is nowhere near upright. If anything it's being torn in two by separate entities who have two visions for America....... One, the wrong vision, which is leading to the path of Austerity measures because of rampant uncontrolled spending, and the other that doesn't want to get involved because they're not popular and really don't seem to have a clear cut vision of the future.
Well, I thought we were supposed to refrain from politics in this thread.
Look, most know that tax cuts work for a couple of years to raise revenue by a larger percentage and then revenue as a percentage decreases
Clinton's surplus was measured relevant to all other Presidential budgets - so don't try your own voodoo economics.
After Bush's tax cuts, he was clueless as to what to do with the economy - as a last resort, you got $600 back and Bush hoped you'd spend it - that was his stimulus. Meanwhile, housing was starting to burst and they had no answers.
The economic deregulation begun under Clinton caused a collapse of the markets because Bush would not fund regulators. He believed in the free market, not realizing that big business and Wall Street only cared about themselves, and didn't mind filling their pockets with cash to help pull down a nation.
Recent books have revealed that Bush and Cheney "lied" us into Iraq. We now have over 4k dead and 36k wounded (from memory) in that conflict. Many will suffer their wounds with the resulting VA costs for the rest of their lives. Others will be wounded mentally for the remainder of their lives (PTSD) along with their families. My bet is Bush and Cheney did not even think about that...
I suggest we all cut the anti-Obama Rhetoric and work together, unlike the GOP - the GOP House was elected in 2010 to create jobs and did less than any other Congress for at least 70 years. Congress passes laws, not the President. He signs or vetoes them, and can be overridden. This new House is do nothing, too. They call the GOP the "stupid party." Even they call themselves "stupid." Believe it.
While I don't care for Obama that much, I care a helluva lot less for the GOP and its failure to govern or participate in government.
Edited by Mr. Desmond - 2/22/13 at 11:59pm