DEMOCRATS ... How Do You Explain This ??

[Guest alan greenspan]

Yes you old cow if you insist but it might be more than one word.

 

Myth #1: Tax revenues remain low.

Fact: Tax revenues are above the historical average, even after the tax cuts.

 

Tax revenues in 2006 were 18.4 percent of gross domestic product (GDP), which is actually above the 20-year, 40-year, and 60-year historical aver­ages.[1] The inflation-adjusted 20 percent tax revenue increase between 2004 and 2006 represents the largest two-year revenue surge since 1965–1967.[2] Claims that Americans are undertaxed by historical standards are patently false.

 

Some critics of President George W. Bush's tax policies concede that tax revenues exceed the his­torical average yet assert that revenues are histori­cally low for economies in the fourth year of an expansion. Setting aside that some of these tax pol­icies are partly responsible for that economic expan­sion, the numbers simply do not support this claim. Comparing tax revenues in the fourth fiscal year after the end of each of the past three recessions shows nearly equal tax revenues of:

 

18.4 percent of GDP in 1987,

18.5 percent of GDP in 1995, and

18.4 percent of GDP in 2006.[3]

While revenues as a percentage of GDP have not fully returned to pre-recession levels (20.9 percent in 2000), it is now clear that the pre-recession level was a major historical anomaly caused by a tempo­rary stock market bubble.

 

Myth #2: The Bush tax cuts substantially reduced 2006 revenues and expanded the budget deficit.

Fact: Nearly all of the 2006 budget deficit resulted from additional spending above the baseline.

 

Critics tirelessly contend that America's swing from budget surpluses in 1998–2001 to a $247 bil­lion budget deficit in 2006 resulted chiefly from the "irresponsible" Bush tax cuts. This argument ignores the historic spending increases that pushed federal spending up from 18.5 percent of GDP in 2001 to 20.2 percent in 2006.[4]

 

The best way to measure the swing from surplus to deficit is by comparing the pre–tax cut budget baseline of the Congressional Budget Office (CBO) with what actually happened. While the January 2000 baseline projected a 2006 budget surplus of $325 billion, the final 2006 numbers showed a $247 billion deficit—a net drop of $572 billion. This drop occurred because spending was $514 bil­lion above projected levels, and revenues were $58 billion below (even after $188 billion in tax cuts). In other words, 90 percent of the swing from surplus to deficit resulted from higher-than-projected spending, and only 10 percent resulted from lower-than-projected revenues.[5] (See Chart 1.)

 

 

 

Furthermore, tax revenues in 2006 were actually above the levels projected before the 2003 tax cuts. Immediately before the 2003 tax cuts, the CBO pro­jected a 2006 budget deficit of $57 billion, yet the final 2006 budget deficit was $247 billion. The $190 billion deficit increase resulted from federal spend­ing that was $237 billion more than projected. Rev­enues were actually $47 billion above the projection, even after $75 billion in tax cuts enacted after the baseline was calculated.[6] By that standard, new spending was responsible for 125 percent of the higher 2006 budget deficit, and expanding revenues actually offset 25 percent of the new spending.

 

The 2006 tax revenues were not substantially far from levels projected before the Bush tax cuts. Despite estimates that the tax cuts would reduce 2006 revenues by $188 billion, they came in just $58 billion below the pre–tax cut revenue level pro­jected in January 2000.[7]

 

The difference is even more dramatic with the pro-growth 2003 tax cuts. The CBO calculated that the post-March 2003 tax cuts would lower 2006 revenues by $75 billion, yet 2006 revenues came in $47 billion above the pre–tax cut baseline released in March 2003. This is not a coincidence. Tax cuts clearly played a significant role in the economy's performing better than expected and recovering much of the lost revenue.

 

Myth #3: Supply-side economics assumes that all tax cuts immediately pay for themselves.

Fact: It assumes replenishment of some but not necessarily all lost revenues.

 

Attempts to debunk solid theories often involve first mischaracterizing them as straw men. Critics often erroneously define supply-side economics as the belief that all tax cuts pay for themselves. They then cite tax cuts that have not fully paid for them­selves as conclusive proof that supply-side econom­ics has failed.

 

However, supply-side economics never con­tended that all tax cuts pay for themselves. Rather the Laffer Curve[8] (upon which much of the supply-side theory is based) merely formalizes the com­mon-sense observations that:

 

Tax revenues depend on the tax base as well as the tax rate;

Raising tax rates discourages the taxed behavior and therefore shrinks the tax base, offsetting some of the revenue gains; and

Lowering tax rates encourages the taxed behav­ior and expands the tax base, offsetting some of the revenue loss.

If policymakers intend cigarette taxes to discour­age smoking, they should also expect high invest­ment taxes to discourage investment and income taxes to discourage work. Lowering taxes encour­ages people to engage in the given behavior, which expands the base and replenishes some of the lost revenue. This is the "feedback effect" of a tax cut.

 

Whether or not a tax cut recovers 100 percent of the lost revenue depends on the tax rate's location on the Laffer Curve. Each tax has a revenue-maxi­mizing rate at which future tax increases will reduce revenue. (This is the peak of the Laffer Curve.) Only when tax rates are above that level will reducing the tax rate actually increase revenue. Otherwise, it will replenish only a portion of the lost revenue.

 

How much feedback revenue a given tax cut will generate depends on the degree to which tax­payers adjust their behavior. Cutting sales and property tax rates generally induces smaller feed­back effects because taxpayers do not respond by substantially expanding their purchases or home-buying. Income taxes have a higher feedback effect. Nobel Prize-winning economist Ed Prescott has shown a strong cross-national link between lower income tax rates and higher work hours.[9] Investment taxes have the highest feedback effects because investors quickly move to avoid higher-taxed investments. Not surprisingly, history shows that higher investment taxes deeply curtail investment and consequently raise little (if any) new revenue.

 

Yet, using the standard set by some, even a hypothetical tax cut that provides real tax relief to millions of families and entrepreneurs and creates enough new income to recover 95 percent of the estimated revenue loss would be considered a "failure" of supply-side economics and thus merit a full repeal.

 

Myth #4: Capital gains tax cuts do not pay for themselves.

Fact: Capital gains tax revenues doubled following the 2003 tax cut.

 

As previously stated, whether a tax cut pays for itself depends on how much people alter their behavior in response to the policy. Investors have been shown to be the most sensitive to tax pol­icy, because capital gains tax cuts encourage enough new investment to more than offset the lower tax rate.

 

In 2003, capital gains tax rates were reduced from 20 percent and 10 percent (depending on income) to 15 percent and 5 percent. Rather than expand by 36 percent from the current $50 billion level to $68 billion in 2006 as the CBO projected before the tax cut, capital gains revenues more than doubled to $103 billion.[10] (See Chart 2.) Past cap­ital gains tax cuts have shown similar results.

 

 

 

By encouraging investment, lower capital gains taxes increase funding for the technologies, busi­nesses, ideas, and projects that make workers and the economy more productive. Such investment is vital for long-term economic growth.

 

Because investors are tax-sensitive, high capital gains tax rates are not only bad economic policy, but also bad budget policy.

 

Myth #5: The Bush tax cuts are to blame for the projected long-term budget deficits.

Fact: Projections show that entitlement costs will dwarf the projected large revenue increases.

 

The unsustainability of America's long-term bud­get path is well known. However, a common mis­perception blames the massive future budget deficits on the 2001 and 2003 tax cuts. In reality, revenues will continue to increase above the histor­ical average yet be dwarfed by historic entitlement spending increases. (See Chart 3.)

 

 

 

For the past half-century, tax revenues have gen­erally stayed within 1 percentage point of 18 per­cent of GDP. The CBO projects that, even if all 2001 and 2003 tax cuts are made permanent, revenues will stillincrease from 18.4 percent of GDP today to 22.8 percent by 2050, not counting any feedback revenues from their positive economic impact. It is projected that repealing the Bush tax cuts would nudge 2050 revenues up to 23.7 percent of GDP, not counting any revenue losses from the negative economic impact of the tax hikes.[11] In effect, the Bush tax cut debate is whether revenues should increase by 4.4 percent or 5.3 percent of GDP.

 

Spending has remained around 20 percent of GDP for the past half-century. However, the coming retirement of the baby boomers will increase Social Security, Medicare, and Medicaid spending by a combined 10.5 percent of GDP. Assuming that this causes large budget deficits and increased net spending on interest, federal spending could surge to 38 percent of GDP and possibly much higher.[12]

 

Overall, revenues are projected to increase from 18 percent of GDP to almost 23 percent. Spending is projected to increase from 20 percent of GDP to at least 38 percent. Even repealing all of the 2001 and 2003 cuts would merely shave the projected budget deficit of 15 percent of GDP by less than 1 percentage point, and that assumes no negative feedback from raising taxes. Clearly, the French-style spending increases, not tax policy, are the problem. Lawmakers should focus on getting entitlements under control.

 

 

Myth #6: Raising tax rates is the best way to raise revenue.

Fact: Tax revenues correlate with economic growth, not tax rates.

 

Many of those who desire additional tax revenues regularly call on Congress to raise tax rates, but tax revenues are a function of two variables: tax rates and the tax base. The tax base typically moves in the opposite direction of the tax rate, partially negating the revenue impact of tax rate changes. Accordingly, Chart 4 shows little correlation between tax rates and tax revenues. Since 1952, the highest marginal income tax rate has dropped from 92 percent to 35 percent, and tax revenues have grown in inflation-adjusted terms while remaining constant as a per­cent of GDP.

 

Chart 5 shows the nearly perfect correlation between GDP and tax revenues. Despite major fluc­tuations in income tax rates, long-term tax revenues have grown at almost exactly the same rate as GDP, remaining between 17 percent and 20 percent of GDP for 46 of the past 50 years. Table 1 shows that the top marginal income tax rate topped 90 percent during the 1950s and that revenues averaged 17.2 percent of GDP. By the 1990s, the top marginal income tax rate averaged just 36 per­cent, and tax revenues averaged 18.3 percent of GDP. Regardless of the tax rate, tax revenues have almost always come in at approximately 18 percent of GDP.[13]

 

 

 

 

 

 

 

Since revenues move with GDP, the common-sense way to increase tax revenues is to expand the GDP. This means that pro-growth policies such as low marginal tax rates (especially on work, savings, and investment), restrained federal spending, minimal regulation, and free trade would raise more tax revenues than would be raised by self-defeating tax increases. America cannot substantially increase tax revenue with policies that reduce national income.

 

Myth #7: Reversing the upper-income tax cuts would raise substantial revenues.

Fact: The low-income tax cuts reduced revenues the most.

 

Many critics of tax cuts nonetheless support extending the increased child tax credit, marriage penalty relief, and the 10 percent income tax bracket because these policies strongly benefit low-income tax families. They also support annually adjusting the alternative minimum tax exemption for inflation to prevent a massive broad-based tax increase. These critics assert that repealing the tax cuts for upper-income individuals and investors and bringing back the pre-2001 estate tax levels can raise substantial revenue. Once again, the numbers fail to support this claim.

 

In 2007, according to CBO and Joint Committee on Taxation data, the increased child tax credit, mar­riage penalty relief, 10 percent bracket, and AMT fix will have a combined budgetary effect of $114 bil­lion.[14] (See Table 2.) These policies do not have strong supply-side effects to minimize that effect.

 

By comparison, the more maligned capital gains, dividends, and estate tax cuts are projected to reduce 2007 revenues by just $36 billion even before the large and positive supply-side effects are incorporated. Thus, repealing these tax cuts would raise very little revenue and could possibly even reduce federal tax revenue. Such tax increases would certainly reduce the savings and investment vital to economic growth.

 

The individual income tax rate reductions come to $59 billion in 2007 and are not really a tax cut for the rich. All families with taxable incomes over $62,000 (and single filers over $31,000) benefit. Repealing this tax cut would reduce work incentives and raise taxes on millions of families and small businesses, thereby harming the economy and min­imizing any new revenues.

 

Myth #8: Tax cuts help the economy by "putting money in people's pockets."

Fact: Pro-growth tax cuts support incentives for productive behavior.

 

Government spending does not "pump new money into the economy" because government must first tax or borrow that money out of the economy. Claims that tax cuts benefit the econ­omy by "putting money in people's pockets" rep­resent the flip side of the pump-priming fallacy. Instead, the right tax cuts help the economy by reducing government's influence on economic decisions and allowing people to respond more to market mechanisms, thereby encouraging more productive behavior.

 

 

 

The Keynesian fallacy is that government spend­ing injects new money into the economy, but the money that government spends must come from somewhere. Government must first tax or borrow that money out of the economy, so all the new spending just redistributes existing income. Simi­larly, the money for tax rebates—which are also touted as a way to inject money into the economy— must also come from somewhere, with government either spending less or borrowing more. In both cases, no new spending is added to the economy. Rather, the government has just transferred it from one group (e.g., investors) in the economy to another (e.g., consumers).

 

Some argue that certain tax cuts, such as tax rebates, can transfer money from savers to spenders and therefore increase demand. This argument assumes that the savers have been storing their sav­ings in their mattresses, thereby removing it from the economy. In reality, nearly all Americans either invest their savings, thereby financing businesses investment, or deposit the money in banks, which quickly lend it to others to spend or invest. There­fore, the money is spent by someone whether it is initially consumed or saved. Thus, tax rebates create no additional economic activity and cannot "prime the pump."

 

This does not mean tax policy cannot affect eco­nomic growth. The right tax cuts can add substan­tially to the economy's supply side of productive resources: capital and labor. Economic growth requires that businesses efficiently produce increas­ing amounts of goods and services, and increased production requires consistent business investment and a motivated, productive workforce. Yet high marginal tax rates—defined as the tax on the next dollar earned—serve as a disincentive to engage in such activities. Reducing marginal tax rates on busi­nesses and workers increases the return on work­ing, saving, and investing, thereby creating more business investment and a more productive work­force, both of which add to the economy's long-term capacity for growth.

 

Yet some propose demand-side tax cuts to "put money in people's pockets" and "get people to spend money." The 2001 tax rebates serve as an example: Washington borrowed billions from investors and then mailed that money to families in the form of $600 checks. Predictably, this simple transfer of existing wealth caused a temporary increase in consumer spending and a corresponding decrease in investment but led to no new economic growth. No new wealth was created because the tax rebate was unrelated to productive behavior. No one had to work, save, or invest more to receive a rebate. Simply redistributing existing wealth does not create new wealth.

 

In contrast, marginal tax rates were reduced throughout the 1920s, 1960s, and 1980s. In all three decades, investment increased, and higher economic growth followed. Real GDP increased by 59 percent from 1921 to 1929, by 42 percent from 1961 to 1968, and by 31 percent from 1982 to 1989.[15] More recently, the 2003 tax cuts helped to bring about strong economic growth for the past three years.

 

Policies which best support work, saving, and investment are much more effective at expanding the economy's long-term capacity for growth than those that aim to put money in consumers' pockets.

 

Myth #9: The Bush tax cuts have not helped the economy.

Fact: The economy responded strongly to the 2003 tax cuts.

 

The 2003 tax cuts lowered income, capital gains, and dividend tax rates. These policies were designed to increase market incentives to work, save, and invest, thus creating jobs and increas­ing economic growth. An analysis of the six quarters before and after the 2003 tax cuts (a short enough time frame to exclude the 2001 re­cession) shows that this is exactly what hap­pened (see Table 3):

 

GDP grew at an annual rate of just 1.7 percent in the six quarters before the 2003 tax cuts. In the six quarters following the tax cuts, the growth rate was 4.1 percent.

 

 

Non-residential fixed investment declined for 13 consecutive quarters before the 2003 tax cuts. Since then, it has expanded for 13 consec­utive quarters.

The S&P 500 dropped 18 percent in the six quarters before the 2003 tax cuts but increased by 32 percent over the next six quarters. Divi­dend payouts increased as well.

The economy lost 267,000 jobs in the six quar­ters before the 2003 tax cuts. In the next six quarters, it added 307,000 jobs, followed by 5 million jobs in the next seven quarters.

The economy lost 267,000 jobs in the six quar­ters before the 2003 tax cuts. In the next six quarters, it added 307,000 jobs, followed by 5 million jobs in the next seven quarters.[16]

Critics contend that the economy was already recovering and that this strong expansion would have occurred even without the tax cuts. While some growth was naturally occurring, critics do not explain why such a sudden and dramatic turn­around began at the exact moment that these pro-growth policies were enacted. They do not explain why business investment, the stock market, and job numbers suddenly turned around in spring 2003. It is no coincidence that the expansion was powered by strong investment growth, exactly as the tax cuts intended.

 

The 2003 tax cuts succeeded because of the sup­ply-side policies that critics most oppose: cuts in mar­ginal income tax rates and tax cuts on capital gains and dividends. The 2001 tax cuts that were based more on demand-side tax rebates and redistribution did not significantly increase economic growth.

 

 

Myth #10: The Bush tax cuts were tilted toward the rich.

Fact: The rich are now shouldering even more of the income tax burden.

 

Popular mythology also suggests that the 2001 and 2003 tax cuts shifted more of the tax burden toward the poor. While high-income households did save more in actual dollars than low-income households, they did so because low-income house­holds pay so little in income taxes in the first place. The same 1 percent tax cut will save more dollars for a millionaire than it will for a middle-class worker simply because the millionaire paid more taxes before the tax cut.

 

 

 

In 2000, the top 60 percent of taxpayers paid 100 percent of all income taxes. The bottom 40 percent collectively paid no income taxes. Lawmakers writing the 2001 tax cuts faced quite a challenge in giving the bulk of the income tax savings to a population that was already paying no income taxes.

 

Rather than exclude these Americans, lawmak­ers used the tax code to subsidize them. (Some economists would say this made that group's col­lective tax burden negative.)First, lawmakers low­ered the initial tax brackets from 15 percent to 10 percent and then expanded the refundable child tax credit, which, along with the refundable earned income tax credit (EITC), reduced the typical low-income tax burden to well below zero. As a result, the U.S. Treasury now mails tax "refunds" to a large proportion of these Americans that exceed the amounts of tax that they actually paid. All in all, the number of tax filers with zero or negative income tax liability rose from 30 million to 40 million, or about 30 percent of all tax filers.[17] The remaining 70 percent of tax filers received lower income tax rates, lower investment taxes, and lower estate taxes from the 2001 legislation.

 

Consequently, from 2000 to 2004, the share of all individual income taxes paid by the bottom 40 per­cent dropped from zero percent to –4 percent, mean­ing that the average family in those quintiles received a subsidy from the IRS. (See Chart 6.) By contrast, the share paid by the top quintile of households (by income) increased from 81 percent to 85 percent.

 

Expanding the data to include all federal taxes, the share paid by the top quintile edged up from 66.6 percent in 2000 to 67.1 percent in 2004, while the bottom 40 percent's share dipped from 5.9 per­cent to 5.4 percent. Clearly, the tax cuts have led to the rich shouldering more of the income tax burden and the poor shouldering less.[18]

 

Conclusion

The 110th Congress will be serving when the first of 77 million baby boomers receive their first Social Security checks in 2008. The subsequent avalanche of Social Security, Medicare, and Medicaid costs for these baby boomers will be the greatest economic challenge of this era.

 

This should be the budgetary focus of the 110th Congress rather than repealing Bush tax cuts or allowing them to expire. Repealing the tax cuts would not significantly increase revenues. It would, however, decrease investment, reduce work incen­tives, stifle entrepreneurialism, and reduce eco­nomic growth. Lawmakers should remember that America cannot tax itself to prosperity.

 

 

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I HAVE NO CLUE WHAT YOU ARE TRYING TO SAY. SOCIAL SECURITY WAS FINE UNTIL IT WAS RAIDED FOR OTHER NEEDS. THAT'S ON BOTH PARTIES. YOUR STATISTICS NEVER MENTION THAT IF YOU BORROW AND CUT TAXES, THAT YOU WILL HAVE A HIGH DEFECIT. BUSH HAS BORROWED MORE MONEY THAN EVERY PRESIDENT BEFORE HIM, COMBINED. HOW DOES THAT FIT INTO YOUR SMALL GOVERNMENT THEORY? HE ALSO IS RUNNING THE HIGHEST DEFECIT IN HISTORY. THAT GOES AGAINST EVERYTHING YOU PREACH AND YOU'RE TOO STUPID TO KNOW IT. THEN, TO LOOK LIKE A GREAT GUY HE CUTS TAXES FURTHER RAISING THE DEFECIT. DON'T YOU CARE ABOUT THAT? THIS IS THE BIGGEST SPENDING ADMINISTRATION, WHEN FACTORING IN ALL PHASES OF OUR BOTTOM LINE, THAN ANY IN HISTORY. THAT'S WHY CHINA OWNS MOST OF OUR COUNTRY. HOW CAN YOU ACCUSE DEMS OF HIGH SPENDING WHEN BUSH IS THE BIGGEST ONE EVER. CUTTING TAXES APPEASES THE UNEDUCATED WHEN YOU HAVE A HUGE DEFECIT. IT IS FISCALLY IRRESPONSIBLE, JUST LIKE EVERYTHING THIS PREZ HAS DONE. WARN YOUR KIDS.

[Guest Guest]

People who post long, verbose copy and pastes need to stop.

No one reads those.

 

Why would they?

[Guest Guest]

I HAVE NO CLUE WHAT YOU ARE TRYING TO SAY. SOCIAL SECURITY WAS FINE UNTIL IT WAS RAIDED FOR OTHER NEEDS. THAT'S ON BOTH PARTIES. YOUR STATISTICS NEVER MENTION THAT IF YOU BORROW AND CUT TAXES, THAT YOU WILL HAVE A HIGH DEFECIT. BUSH HAS BORROWED MORE MONEY THAN EVERY PRESIDENT BEFORE HIM, COMBINED. HOW DOES THAT FIT INTO YOUR SMALL GOVERNMENT THEORY? HE ALSO IS RUNNING THE HIGHEST DEFECIT IN HISTORY. THAT GOES AGAINST EVERYTHING YOU PREACH AND YOU'RE TOO STUPID TO KNOW IT. THEN, TO LOOK LIKE A GREAT GUY HE CUTS TAXES FURTHER RAISING THE DEFECIT. DON'T YOU CARE ABOUT THAT? THIS IS THE BIGGEST SPENDING ADMINISTRATION, WHEN FACTORING IN ALL PHASES OF OUR BOTTOM LINE, THAN ANY IN HISTORY. THAT'S WHY CHINA OWNS MOST OF OUR COUNTRY. HOW CAN YOU ACCUSE DEMS OF HIGH SPENDING WHEN BUSH IS THE BIGGEST ONE EVER. CUTTING TAXES APPEASES THE UNEDUCATED WHEN YOU HAVE A HUGE DEFECIT. IT IS FISCALLY IRRESPONSIBLE, JUST LIKE EVERYTHING THIS PREZ HAS DONE. WARN YOUR KIDS.

 

 

The Bushbots follow Bush/Chenney with blind allegence!!!

 

 

@

[BlackSven]

Anybody notice I'm staying out of this one?

 

 

 

[Guest OBAMA ROCKS!]

Eight years of BUSH enough said, can't wait to vote, OBAMA ROCKS!

 

 

@

[Guest Guest]

When all is said and done, and much more was said than done, when GWB goes into the history books, his legacy will be one of massive failure. Terrorists were able to attack the Homeland and kill almost 3, 000 people in one day.

 

Those at the top of the chain of command of the group who committed this act were never caught by GWB. In fact, he stopped pursuing them altogether not long after he invaded a nation that did not attack us and never posed a threat to us. He will be seen as the Biggest Quitter in American History.

 

The equation will be GWB= Immense Failure.

[Guest Guest]

Is the OP going to blame Clinton and perhaps FDR for the Iraq war and crappy economy??? STFU.. How can republicans still support this asshole in office? It's freaking unbelievable

[Guest Guest]

Is the OP going to blame Clinton and perhaps FDR for the Iraq war and crappy economy??? STFU.. How can republicans still support this asshole in office? It's freaking unbelievable

The dems control congress. They also are supporting Bush.

 

They know more than you do.

 

[b4unoit]

People who post long, verbose copy and pastes need to stop.

No one reads those.

 

Why would they?

BECAUSE YOU MIGHT ACTUALLY LEARN SOMETHING INSTEAD OF PASSING AROUND YOUR DAMN LITTLE TALKING POINTS!!!!!!!!!!!

Every other word out of you nut bags is bush this bush that, GET OVER IT YOU LOST IN 2000 & 2004 period end of STORY.

And because you people live in the past you will lose again in 2008!!!!!!!!!!

[b4unoit]

When all is said and done, and much more was said than done, when GWB goes into the history books, his legacy will be one of massive failure. Terrorists were able to attack the Homeland and kill almost 3, 000 people in one day.

 

Those at the top of the chain of command of the group who committed this act were never caught by GWB. In fact, he stopped pursuing them altogether not long after he invaded a nation that did not attack us and never posed a threat to us. He will be seen as the Biggest Quitter in American History.

 

The equation will be GWB= Immense Failure.

You are so wrong 30 years from now you and your kind will be know as the generation of little heart and no back bone. You will be spit on for your passive ways and vilified for your desire to quit.

George W Bush unlike that Commander & cheat that served before him has very little concern for his own legacy which just as is the case with Reagan, will evolve as history pans out instead of being summarized with the instant gratification of the greed and need society we live in today.

 

[b4unoit]

I HAVE NO CLUE WHAT YOU ARE TRYING TO SAY. SOCIAL SECURITY WAS FINE UNTIL IT WAS RAIDED FOR OTHER NEEDS. THAT'S ON BOTH PARTIES. YOUR STATISTICS NEVER MENTION THAT IF YOU BORROW AND CUT TAXES, THAT YOU WILL HAVE A HIGH DEFECIT. ( It doesnt mention it because it is patently false) BUSH HAS BORROWED MORE MONEY THAN EVERY PRESIDENT BEFORE HIM,( You know nose wipe Bush has done one thing that pisses me off and that is not veto the spend thrifts in congress. You BDS idiots think he is the end all and be all in government get a grip.) COMBINED. HOW DOES THAT FIT INTO YOUR SMALL GOVERNMENT THEORY? HE ALSO IS RUNNING THE HIGHEST DEFECIT IN HISTORY. THAT GOES AGAINST EVERYTHING YOU PREACH AND YOU'RE TOO STUPID TO KNOW IT. THEN, TO LOOK LIKE A GREAT GUY HE CUTS TAXES FURTHER RAISING THE DEFECIT.( Try reading the damn article assswipe you and your liberal idiots need to learn lower taxes greater revenue to the government that is a fact) DON'T YOU CARE ABOUT THAT? THIS IS THE BIGGEST SPENDING ADMINISTRATION, WHEN FACTORING IN ALL PHASES OF OUR BOTTOM LINE, THAN ANY IN HISTORY.( hey idiot I hate to inform you but this is the highest spending period in the history of mankind in every aspect of commerce. And 5 years from now will be the highest and five years from then will be the highest) THAT'S WHY CHINA OWNS MOST OF OUR COUNTRY. HOW CAN YOU ACCUSE DEMS OF HIGH SPENDING WHEN BUSH IS THE BIGGEST ONE EVER.( If you truly think that the dems are not tax and spend idealist then you are dumber than even I thought.) CUTTING TAXES APPEASES THE UNEDUCATED WHEN YOU HAVE A HUGE DEFECIT. IT IS FISCALLY IRRESPONSIBLE, JUST LIKE EVERYTHING THIS PREZ HAS DONE. WARN YOUR KIDS.( You are a very diluted individual)

 

[Guest Guest]

You are so wrong 30 years from now you and your kind will be know as the generation of little heart and no back bone. You will be spit on for your passive ways and vilified for your desire to quit.

George W Bush unlike that Commander & cheat that served before him has very little concern for his own legacy which just as is the case with Reagan, will evolve as history pans out instead of being summarized with the instant gratification of the greed and need society we live in today.

 

Wow.

When did Sgt. Slaughter find BCV?

 

[Guest Guest]

BECAUSE YOU MIGHT ACTUALLY LEARN SOMETHING INSTEAD OF PASSING AROUND YOUR DAMN LITTLE TALKING POINTS!!!!!!!!!!!

Every other word out of you nut bags is bush this bush that, GET OVER IT YOU LOST IN 2000 & 2004 period end of STORY.

And because you people live in the past you will lose again in 2008!!!!!!!!!!

 

 

Bush is still the President. Maybe that's why we talk about him?

 

Don't you get that???

 

Every other word out of you Bushbots is "Clinton, this, Clinton that."

 

Get out of the past.

 

It's 2008. GWB has been screwing up the world and the US for 7 years now.

 

Yeah, Reagan.

 

Right.

 

What did he do, besides take a nap while the USSR was falling apart under it's own unsustainable weight?

 

 

@

[Guest alan greenspan]

THANKS FOR THE WORST REBUTTAL IN US HISTORY. SO IF YOU ARE RUNNING A DEFECIT AND CONTINUE TO BORROW MORE MONEY, THEN LOWER TAXES, IT WON'T INCREASE THE DEFECIT?? REALLY? THAT'S "PATENTLY FALSE"? THAT STATEMENT PROVES YOU HAVE NO CLUE WHAT YOU ARE TALKING ABOUT. YOU'RE JUST LIKE THE REST OF THE INCREASE GOVT AND INCREASE SPEND REPUBLICANS.

[Guest Guest]

How are those tax cuts going when you're spending twice as much for gas, and fuel to heat your home?

 

 

@

[Guest Guest]

The dems control congress. They also are supporting Bush.

 

They know more than you do.

 

 

When the war was waged, the Dems didn't control congress... Do your homework or shut up..

[GALVATRON]

THANKS FOR THE WORST REBUTTAL IN US HISTORY. SO IF YOU ARE RUNNING A DEFECIT AND CONTINUE TO BORROW MORE MONEY, THEN LOWER TAXES, IT WON'T INCREASE THE DEFECIT?? REALLY? THAT'S "PATENTLY FALSE"? THAT STATEMENT PROVES YOU HAVE NO CLUE WHAT YOU ARE TALKING ABOUT. YOU'RE JUST LIKE THE REST OF THE INCREASE GOVT AND INCREASE SPEND REPUBLICANS.

Wow caps lock guy knows so much about the deficit except how to spell deficit,really?

Partial solution could be this,first eliminate every form of public assistance,then get every person who ever collected benefits from welfare,foods tamps,WIC,Medicaid and Medicare and tell them they have to pay us back,use that money to help pay off the deficit.If they are dead then track down their family and hold them liable,garnish their wages and tax returns and use the money for nothing but the deficit,this should cut it in half and we will be on the right track to getting rid of this pesky deficit.What do you think caps lock?

[b4unoit]

How are those tax cuts going when you're spending twice as much for gas, and fuel to heat your home?

 

 

@

This post was so stupid that I shouldn't waste computer space to reply but oh what the hell I'm not green.

Just what the hell does a tax cut have to do with the price of gas which is priced by supply and demand and the market forces regulate the price we pay?

I won't wait for a intelligent answer from you guest because with a statement like you made posting before I know that would be like asking a liberal to use common sense the two bring about a great oxymoron. And by the way that is not a stupid farm animal.

[GALVATRON]

This post was so stupid that I shouldn't waste computer space to reply but oh what the hell I'm not green.

Just what the hell does a tax cut have to do with the price of gas which is priced by supply and demand and the market forces regulate the price we pay?

I won't wait for a intelligent answer from you guest because with a statement like you made posting before I know that would be like asking a liberal to use common sense the two bring about a great oxymoron. And by the way that is not a stupid farm animal.

Bush and his oil buddies waged war so they can get rich,supply and demand has nothing to do with the gas price,global warming is real even Rush said so,I bet next Bush will be responsible for the rising food cost too,he must have some farm buddies who sell milk and wheat,it's not like farmers are getting paid to grow corn for fuel to stop global warming and now food reserves are lower than ever duh time to take your meds,you need help....go Hillary....you go,girl?

[Guest country girl2]

Actually bush says that we are in war..we lack confidence in our president..gas was like $1.46 a gallon under clinton..We started to go down hill a little bit after 911 and bush in office..he and the people in charge of this nation RePUBLICAINS control the country thier to blame.. and there was a republicain controlled congress before that der

 

You not only need history lessons, you also need grammar lessons. You seriously dont think that 9/11 had a MAJOR impact on things? That my friend is out of GW's control and that is what he has been fighting to keep from happening again. He has done a LOT of positive things and you have blinders on if you cant see that.

 

[marius]

Actually bush says that we are in war..we lack confidence in our president..gas was like $1.46 a gallon under clinton..We started to go down hill a little bit after 911 and bush in office..he and the people in charge of this nation RePUBLICAINS control the country thier to blame.. and there was a republicain controlled congress before that der

 

The last 3 quarters of the Clinton administration the economy had NEGATIVE growth....

 

3 quarters of NEGATIVE growth = recession

 

That my friend is a fact.

 

I would provide a link but I am tired of doing it, find it for your self.

[Guest Guest]

You not only need history lessons, you also need grammar lessons. You seriously dont think that 9/11 had a MAJOR impact on things? That my friend is out of GW's control and that is what he has been fighting to keep from happening again. He has done a LOT of positive things and you have blinders on if you cant see that.

 

 

He's done virtually nothing to secure our ports and borders. al qaeda got in and living anonymously for years. What makes you think they're not still here and that GWB has done anything to keep more of them out or ferret out the ones who are here?

 

He's busied himself and taken the world's attention and put it on the continuing occupation of a nation that posed no threat to us, an occupation of a people who did not ask to be "freed" and never asked for a democracy to be "gifted" to them. How many successful democracies have thrived in Muslim countries throughout history? Damn few.

 

al qaeada has carried out attacks in Europe. I think GWB has just been lucky so far.

[Guest Guest]

CountryGirl please list the positives of George W. Bush's 2 terms in office.

 

Thank you.

[marius]

Would you consider a country firing surface-to-air missiles at USA pilots a threat? Iraq did that on a daily basis by the way for YEARS BEFORE THE WAR.

[Guest country girl2]

He's done virtually nothing to secure our ports and borders. al qaeda got in and living anonymously for years. What makes you think they're not still here and that GWB has done anything to keep more of them out or ferret out the ones who are here?

 

He's busied himself and taken the world's attention and put it on the continuing occupation of a nation that posed no threat to us, an occupation of a people who did not ask to be "freed" and never asked for a democracy to be "gifted" to them. How many successful democracies have thrived in Muslim countries throughout history? Damn few.

 

al qaeada has carried out attacks in Europe. I think GWB has just been lucky so far.

 

I will be honest, that is one thing that I do disagree with GW on is securing the borders, but I dont think that a dem would do much better, as a matter of fact, I think they would be much worse. Come on now, look at the dems who want to give drivers licenses to illegals. Yes, I think there are terrorists that are still here, but they have caught quite a few and are still in the process. As for coming into the US....Canada was a huge factor in that, that is where a lot of them came into the US.