Should Bush cut taxes even further to see just how much one man can devalue the US dollar?

Question

Or should he borrow annother $500 billion for the folly in Iraq?

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It is these same destructive fiscal policies that put an unplugable drain on most, Red state economies. It isn't the workers, it's the policies.
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Stephanie (below) Disagree. If you pull the market history graph you will find that the market tumbled until the start of the Iraq invasion. This is when billions of US tax dollars were channeled to defense contract companies which in turn gave the economy a borrowed shot in the arm. All that did was delay the inevitable.

Wookie (below) "The federal treasury saw a marked increase in revenue"

OK. I'm all ears. Please offer a link to a gov site showing the increase, when it began, and to waht level. Thanks.

Answer 1

At one point I truly believed his tax cuts were pointless and did nothing to help this country. Upon further research I have decided that his tax cuts did prevent our economy from having more than a minor recession after the dot.com bust of 2000. However I do not think that the problems our economy is currently facing can be solved by a quick fix such as before. In fact what he previously did could be responsible for the sub prime mortgage problem we are currently facing. People flush with easy cash took on more than they were capable of. At a certain point you can not spend your way out of a problem so to speak. Borrowing from China would be foolish, their economy is growing faster than ours and their thirst for oil is increasing by the day. If left unchecked they will quickly surpass us.

Answer 2

What are you smoking? The federal treasury saw a marked increase in revenue (i.e income from taxes) due specifically to the reduction of ttax rates by Pres. Bush. Learn your economics and the historical data from the past hundred years concerning the raising and lowering of tax rates and how it affected federal revenues. Typical liberal hog-wash.

As for the "folly" in Iraq, I suppose you are another liberal who believes they know more about what is happening on the ground in Iraq than a four-star general who has spent more than half of the past four plus years IN IRAQ AWAY FROM HIS FAMILY. Why are you liberals so set on weakening the USA in the sight of the rest of the world? If you don't like the US, GET OUT!!!!!!!!!!!! I am sure Iran would love to have you.

Answer 3

I love this question because so many people are convinced that since Bush camae into office the economy has gotten better, when in reality the value of the US dollar has significantly decreased.

Answer 4

Bush is definitely going to go for the second option.
You don't have to have much of a brain to overspend and then borrow to cover expenses. (Aka as out of control spending)
Bush's actions are basically the same as the sub prime fiasco.
With the same results, only a thousand times worse.
An idiot in a suit stays an idiot.

Answer 5

Oh, they both seem like a good choice...I can't decide!

Answer 6

should be interesting to see what its like when he gets done. scary

Answer 7

no clue