Because Cons make lousy accountants.
2006-10-12 17:31:44
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answer #1
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answered by Anonymous
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Congress created the huge debt and recent deficits were made worse by Bush not having the balls to veto spending bills. Unfortunately, with the current system you are forced to throw out the baby with the bath water (so to speak). Earmarks are attracted to worthy bills as bees are to honey. It is a shame.
Congress has never met a tax dollar that they cannot find a way to spend and regardless of the circumstances (recession or downturn) they never reduce spending. Tax receipts skyrocket and all they can do is figure out additional ways to spend the money and create never-ending programs. They always speak of raising taxes, but I don't hear the cries to cut wasteful spending (except from McCain).
Congress is despicable and the President (now and in the future) must have the authority to wield a line item veto.
2006-10-13 01:34:27
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answer #2
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answered by Anonymous
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One of the most under reported stories of the last 5 years is that the economy is doing quite well. The tax cuts worked. As for Bush creating the huge debt, I think he had a lot of help from BOTH parties. Pork barrel spending is completely out of control and BOTH parties are guilty. Bush's biggest fault is that he has not had the balls to veto the bills that spent so recklessly.
2006-10-13 00:43:20
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answer #3
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answered by Packman 1
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I say this with respect, be sure that you are familiar with the difference between the debt and the deficit. The debt has not been incrased.
The current budget deficit is down to $248 billion. This is 1.9% of the total U.S. economy (GDP). This is also lower, as a percentage of the economy, than it has been in 18 out of the last 25 years. The deficit has been cut in half 3 years ahead of Bush's goal.
2006-10-15 23:21:44
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answer #4
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answered by beck2727 2
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Let me make this perfectly clear.
1) I don't like Bush
2) I had MAJOR problems with Clintion's character and lying shenanigans while in office.
3) However, the FEDERAL DEBT was $5.8 TRILLION when Clinton left.
4) The FEDERAL DEBT is currently $8.7 TRILLION while Bush is there.
5) The statutory debt limit is $8,184 billion. or $8.1 TRILLION which means that we are currently EXCEEDING the debt cap required by law.
If you look at the caption "Federal Debt Outstanding, End of Year" [at the very end] on the White House website link below, you will see that the federal debt is NOT falling from 2005 THRU 2011, it is rising and will exceed its statutory limitations for each year from 2007-2011 based on Mr. Man's own reports AND projections.
Please bear in mind that the POTUS has already raised the debt ceiling to accommodate his spending agenda.
Hmmmmmmmmmmmmmmmm.
2006-10-13 00:43:04
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answer #5
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answered by DaMan 5
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lowest deficit in years, lower than the 40 year average, what on earth are you blabbering about. Continue with the economic growth and the debt will be gone shortly.
can you say higher tax revenues than every before in history, all because we got to keep more or OUR money. It is not the governments money, they are stealing it and I only pay because they would steal everything I own, that I earned.
your primary problem is you are in denial, it will not improve even when bush leaves and there is a new republican president, you need psychiatric help, and go back to school and learn the basics of macroeconomics.
2006-10-15 18:00:01
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answer #6
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answered by rmagedon 6
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The national debt started back in WW1, and really got started in WW2. Let's not forget what the Korean, and Viet Nam wars cost the US for "rebuilfing these countries when the wars were over.
Remember we had to be the good guys and help out other people. The problem is that these other countries never paid us back for the "loans" we gave them.
So many Presidents have come and gone since the problem was started.
2006-10-13 00:37:51
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answer #7
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answered by David S 3
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First of all, the debt is going away alot faster than expected because of the tax cuts. Second of all, the Bush administration inherited a recession from the Clinton administration and the great economy under Clinton was a mirage, all based on false corporate records that the Bush administration uncovered before it was too late. Sure it put the economy down for a little while, but it is going great now and not under a false premise.
2006-10-13 00:31:56
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answer #8
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answered by OatesATM 3
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Grow up!
You are certain that W caused the dot-com bust that occurred before he took office. Just like he gave light-water nuclear reactors to Kim Jong Il. Oops. That was open-zipper Clinton too!
Is there anything in your head that didn't come from CNN?
2006-10-13 00:34:10
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answer #9
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answered by Karl the Webmaster 3
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Right...everything is Clinton's fault--Bush has been in office for going on six years, and we are only now seeing the effect of Clinton's failures....ummmhmmm....they should call conservatives the "pass the buck" party...Hey they call liberals "cut and run"-- they should have a fancy slogan in return.
*EDIT
Hey as part of resolutions--bush is proposing giving reactors to Iran--how is that any different from what Clinton did in his resolution plan? At least Clinton Addressed the Issue of North Korean Nukes before it was too late....
2006-10-13 00:36:24
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answer #10
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answered by Katie 4
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