thinkstoomuch wrote:Tenshinai wrote:...snippped due to stupid mti embed ...
So that money spent by President Obama on the American Recovery And Reinvestment Act-that was over half that debt- is all Bush's fault.
Novel concept.
How exactly is it even remotely novel? The economy imploded under Bush's watch, and the cleanup COST MONEY.
That's about as novel a concept as saying that the arsonist is responsible for the cost of putting out the fire and rebuilding the house.
Of course showing your blatant ignorance of the American Federal Budget actually works. Of course you have a much better understanding of it than I do of 5he Swedish process. But then I don't make comments on it do I.
FYI. Congress is much more resposible than the President. Which is why 94, 06 and 10 showed where trends changed. Vice 92 and 08.
Ummm, nope. Trends changed on the deficit in 92, not 94. when Clinton came into office, NOT when the GOP took the majority in Congress.
Clinton and the Democrats *immediately* began reducing the deficits run up under Reagan and Bush Sr. And the the GOP lost their shit because their whole bullshit narrative of being the "fiscally responsible" party was going to get blown up, so when they managed to grab the majority in 94 they put on a massive show about how they were" forcing" that tax and spend liberal in the white House to be responsible and reduce the deficit.
But the numbers are the numbers. In the first 2 years of Clinton's term the deficit had *already* been slashed by 30%, from the 290 billion per year in the Fiscal 92 budget (Which was Bush Sr's last budget) to 203 billion in the fiscal 94 budget (the last budget before the GOP took over Congress)
And the reason the budget deficit exploded in the first place wasn't Congress, it was Reagan putting on a full court press to get HIS massive tax cuts enacted. You can hold Congress jointly responsible for going along with him, but he was the driving force. It was his policy. HE insisted on slashing the revenue stream and the entirely predictable outcome happened.
Same goes for the wiping out of the surplus when Bush Jr came in before 9/11 ever even happened. That wasn't the Democrats big tax cut bill that got pushed through that tanked the government's revenues now was it? No, that was Bush's baby. Screw paying down the debt, refund checks! Now everyone likes me! Who needs fiscal responsibility?
Oh, and as for the size of the government shrinking? you know another way to say that is JOBS LOST right? In the middle of tying to recover from the worst economic catastrophe in 70 years? Yeah, brag about that, it was brilliant economic policy on behalf of the GOP to enact widespread government layoffs when the unemployment rate was flirting with double digits and push more people into the unemployment ranks... of course that was at least partially deliberate. Can't have Obama lowering the unemployment rate too fast and getting credit for that now can we? Wouldn't exactly help in the next election... horrible economic policy, terrible for the country, but GREAT political strategy if you can rely on enough voters not comprehending that you're screwing the country on purpose to try to make the guy you don't like in the White House look bad.