From the Boston Globe
"Recall that President George W. Bush inherited a budget solidly in the black, as well as a projected 10-year surplus of $5.6 trillion. But the tax cuts, new entitlements, and spending increases he oversaw resulted in more than $2 trillion in red ink, and that’s before the bank bailout. And by the time Bush left office, his policies, if carried forward, would have spelled another $10.6 trillion in debt over 10 years.
Now, let’s be clear. Obama’s plans will also mean unsustainably large long-term deficits. Still, it’s important to note that those projected deficits are smaller than they would be under a continuation of Bush’s policies."
I couldn't believe how messed up our budget was under Bush. I don't like a lot of what Obama says, but the guys been stonewalled every step of the way. You can't get much done that way, and you can't fix anything either. We need tax increases, and we need spending cuts both!And at least he tries to do what he says, unlike most politicians. I can respect that.
You can't be the "biggest" world super-power without generating some revenue, and things like roads and schools don't just pay for themselves. We need taxes, and we can come back into the black, we need higher taxes. That said, we spend too much on bulls***. Every legislator seems to have a hundred pet projects that they want to fund with tax payer money. Republicans as much as dems, but when it's their turn to talk, everyone complains about the spending happening everywhere but in their own districts. It's a sad and stupid joke.
Every legestlator seems to have a hundred pet projects that they want to fund with tax payer money. Republicans as much as dems, but when it's their turn to talk, everyone complains about the spending happeing everywhere but in their own districts. It's a sad and stupid joke.