Only a few would call Bush's economic policies great.....when it creates a 250 billion dollar annual deficit. If private business had the same attitude....the USA would be broke in 2 weeks.
The entire debt is 8.8 trillion dollars. Bush is making it worse.
2007-03-23 05:36:17 · 13 answers · asked by Villain 6 in Politics & Government ➔ Politics
They'll tell you that it is because we are at war and it is normal to run deficits in war.
If you point out that it is not normal to make big tax cuts during war, they'll say we need to stimulate the economy to increase revenues.
If you point out that we aren't stimulating the economy enough to close the deficit they'll say we have to cut social programs.
If you point out that whenever they cut social programs they end up with fiascoes like at Walter Reed with soldiers who are rotting away with terrible care they'll blame it on Clinton, call you a communist, and tell you that Al Gore is single handedly causing global warming, even though global warming doesn't exist. Something about Mars comes next. It's so predictable.
2007-03-23 06:10:54 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Here is the funny part. Bush can make a budget request, congress has to approve the budget request. One of my biggest issues with the current administration is the huge amount of spending. Both parties are responsible for the 8.8 trillon you are talking about. That did not all happen under Bush's watch.
The current Iraq spending bill has $20 Billion in pork spending so that the democrats could get the votes to pass it. So put the blame where it lies, on Congress. The republican congress spent the money, not Bush. The democratic congress is now in charge of the purse and they seem to be doing the same thing with the welfare programs, pork projects, etc.
But Bush gets the blame. Go figure.
2007-03-23 12:59:56 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I don't know if you noticed, but it's been in the news recently. There is a war going on right now. Wars cost money, so I hear. That might have something to do with it. I'm no economic expert, but I did sleep at a Holiday Inn Express last night.
2007-03-23 14:33:24 · answer #3 · answered by BigRichGuy 6 · 0⤊ 0⤋
It was 250 million because GWB got all his funds for the war via emergency funds which aren't included in calculating the deficit, only the total debt. Had he included that funding in the military budget then the deficit would have been higher.
2007-03-23 12:45:58 · answer #4 · answered by Alan S 7 · 6⤊ 0⤋
The link below will give you some data.
Bush's tax cut is bringing in more tax revenue. The problem is that he is spending far more than the tax cut is generating.
He may had stimulated the economy, but he is still not fiscally responsible.
2007-03-23 12:42:51 · answer #5 · answered by Overt Operative 6 · 2⤊ 1⤋
BECAUSE REVENUE INCREASED BY X
AND BUSH SPENT X times 1.5!!!!
If you get a $4K bonus and your wife goes out and blows $5K at the track, is the problem your boss or the wife?
Here, the boss and the wife are fused into the same person, George Bush - - but let's blame the wife, not the boss!
We also have more millionaires than ever. More rich people means more middle class people becoming rich - unless the've secretly advanced cloning technology and are cloning not only rich people but also their money.
2007-03-23 12:39:48 · answer #6 · answered by Anonymous · 3⤊ 4⤋
Because guys like you bought Rice Burners and french sun glasses
2007-03-23 12:41:01 · answer #7 · answered by Anonymous · 2⤊ 1⤋
Okay genius,
Let us know your plan to have no debt.
Even if the president was a Democrat, we would still have a large amount of debt.
2007-03-23 12:45:33 · answer #8 · answered by Anonymous · 2⤊ 2⤋
I don't suppose this deficit had anything to do with the war, did it?
2007-03-23 12:40:07 · answer #9 · answered by katydid 7 · 4⤊ 0⤋
Congress is making it worse. Why does Congress always get off the hook on this one?
2007-03-23 12:47:22 · answer #10 · answered by Matt 5 · 2⤊ 2⤋