Gayle in MD
02-26-2011, 04:52 AM
By 2019 55% of the Federal Deficit will have been created by, and driven by the Bush Era Tax Cuts. Tax cuts that benefitted primarily, the wealthiest one to two percent of Americans, and in the first decade of our country since the second World War, where wages actually stagnated, and started to go down.
13% of that deficit, will be driven by the series of on-going Desert Wars wars that our nation has been fighting.
Only 4% of it is driven by the Recovery and Reinvestment Act, responsible for warding off Bush's Great Depression, hence the major proportion of the deficit results from the things that George Bush did, which took a Democratic President's budget surplus situation, aa balanced budget by a Democratic President, and drove it into the ground, and put our country into a position of Red Ink, with the cost of wars, for the first time in our nation's history, charged to our children's credit cards.
Facts are Facts!
G.
13% of that deficit, will be driven by the series of on-going Desert Wars wars that our nation has been fighting.
Only 4% of it is driven by the Recovery and Reinvestment Act, responsible for warding off Bush's Great Depression, hence the major proportion of the deficit results from the things that George Bush did, which took a Democratic President's budget surplus situation, aa balanced budget by a Democratic President, and drove it into the ground, and put our country into a position of Red Ink, with the cost of wars, for the first time in our nation's history, charged to our children's credit cards.
Facts are Facts!
G.