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on point

(2,506 posts)

4. One reason why Bush tax policies were a disaster!

Reply to geek tragedy (Reply #1)

Tue Jun 30, 2015, 10:39 AM

Jun 2015

Rather than paying down the debt while times were good (remember debt free in 5 years from Clinton budget surplus??), he ran up the debt by reducing taxes (Supply side foolishness), THEN piled a couple of trillion of new debt on top of that with the criminal, stupid Iraq war. All the while proclaiming 'debt doesn't matter' - Cheney

Then the conservatives complained when the economy tanked, and needed the spending, that the debt was too high already!

What a bunch of economic idiots!

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question about deficit spending [View all] steve2470 Jun 2015 OP

In grossly oversimplified terms geek tragedy Jun 2015 #1

yes that was my understanding, thank you! nt steve2470 Jun 2015 #2

One reason why Bush tax policies were a disaster! on point Jun 2015 #4

short term high defecit spending is not a problem Travis_0004 Jun 2015 #3

Right now our debt (not deficit) is around $ 18 trillion Yupster Jun 2015 #5

Well, Keynes says.... Adrahil Jun 2015 #6

Deficit spending isn't an issue until borrowers suspect you aren't going to pay it back... PoliticAverse Jun 2015 #7

Households can go bankrupt through a few years of bad decisions. Orsino Jun 2015 #8

Deficit spending is just a failure to properly tax the rich Taitertots Jun 2015 #9