Bush put burden on children
from Mankato Free Press
10/16/09
By Tom Maertens
George Bush and the Republicans continue to blow smoke about taxes, claiming they lowered taxes when in reality, they only transferred their tax obligations to our children. Bush virtually maxed out the credit card and now Sen. John McCain wants to finish the job by doubling down on Bush’s “tax cuts.”
The non-partisan Center for Tax Policy estimates that McCain’s tax plan would add another $5 trillion to the national debt over ten years. So McCain has now bought into Bush’s effort to snooker the rubes into believing that “tax cuts” are a free lunch rather than sleight-of-hand. If tax cuts paid for themselves and created jobs as McBush claim, why did the economy lose 159,000 jobs last month? And how did the Bush administration run up almost $5 trillion in new debt? Moreover, Bush and his rubber stamp Congress increased the size of the government 40 percent, mostly on borrowed money. The result is a federal debt that recently surpassed $10 trillion.
The head of the non-partisan Congressional Budget Office said on PBS News Hour Oct. 9 that, because of Bush’s huge budget deficits, we were headed for a fiscal crisis even before the $840 billion bailout. Bush’s tax-and-spend policies created those deficits but the tax obligation will fall on future generations … unless the government defaults on its debt, which would result in a worthless dollar and a banana republic.
Tax cuts paid for with deficits are not a free lunch It’s indicative of the fiscal and moral bankruptcy of today’s degenerate “deficits-don’t-matter” Republican imposters that they are willing to eat their children’s lunch. They are even proud of it.
Throw them out. Throw them all out.
10/16/09
By Tom Maertens
George Bush and the Republicans continue to blow smoke about taxes, claiming they lowered taxes when in reality, they only transferred their tax obligations to our children. Bush virtually maxed out the credit card and now Sen. John McCain wants to finish the job by doubling down on Bush’s “tax cuts.”
The non-partisan Center for Tax Policy estimates that McCain’s tax plan would add another $5 trillion to the national debt over ten years. So McCain has now bought into Bush’s effort to snooker the rubes into believing that “tax cuts” are a free lunch rather than sleight-of-hand. If tax cuts paid for themselves and created jobs as McBush claim, why did the economy lose 159,000 jobs last month? And how did the Bush administration run up almost $5 trillion in new debt? Moreover, Bush and his rubber stamp Congress increased the size of the government 40 percent, mostly on borrowed money. The result is a federal debt that recently surpassed $10 trillion.
The head of the non-partisan Congressional Budget Office said on PBS News Hour Oct. 9 that, because of Bush’s huge budget deficits, we were headed for a fiscal crisis even before the $840 billion bailout. Bush’s tax-and-spend policies created those deficits but the tax obligation will fall on future generations … unless the government defaults on its debt, which would result in a worthless dollar and a banana republic.
Tax cuts paid for with deficits are not a free lunch It’s indicative of the fiscal and moral bankruptcy of today’s degenerate “deficits-don’t-matter” Republican imposters that they are willing to eat their children’s lunch. They are even proud of it.
Throw them out. Throw them all out.
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