im feeling a bit liberal now, so can liberals come and make excuses for this: http://news.yahoo.com/s/ap/20071011/ap_on_bi_go_ec_fi/budget_deficit
thanks alot :-)
if this doesnt yet qualify as a political question, then ill ask who were the democratic senators of alaska in 1965? now it is technically a question.
2007-10-11 06:36:02 · 10 answers · asked by blank 1 in Politics & Government ➔ Politics
Tax cuts work
2007-10-11 06:39:15 · answer #1 · answered by Anonymous · 4⤊ 2⤋
It's always good news when the deficit shrinks. it would be better news to not have had it at all. This administration has increased the national debt by 50% in just 6 years. Before Bush took office the there was no deficit and the debt was shrinking.
Deciding to have tax cuts and a war means that for just this 6 years, your Great Great Grand children will be servicing this debt.
Today that is a $400 billion line in the annual budget. It ain't going away.
The economy is strong right now (mostly due to a shrinking dollar making our goods and services cheal pn the world market). Tax receipts are up (mostly due to oil profits).
Tax cuts had little to do with it.
2007-10-11 13:51:34 · answer #2 · answered by jehen 7 · 2⤊ 1⤋
Great, the deficit is lower than expected.
However the Debt has ballooned to over 8 Trillion since Bush came into office. When he came in the debt was going to be paid off by now.
He has also raised the ceiling for our our national debt 5 times since coming into office, as stated in the article.
The Republicans call Democrats Tax and Spend. I say Republicans are Spend and Spend.
Under the Bush administration there is a transfer of wealth - from the middle class to the rich.
2007-10-11 13:50:09 · answer #3 · answered by Richard P 3 · 3⤊ 1⤋
Yes it takes dems in majority to get the deficit down. Ah the memories of bygone surplus moneys squandered by republicans.
2007-10-11 19:22:48 · answer #4 · answered by ogphatboi 3 · 0⤊ 0⤋
As soon as the Democrats took control of Congress, the deficit starts to come down.
2007-10-11 13:45:09 · answer #5 · answered by Michael G 4 · 2⤊ 2⤋
Got me .
22 CONSECUTIVE quarters of growth as well . . . . . . DESPITE having to rebound from the worst disaster since Pearl Harbor .
EDIT** -- Dem Senators 1965 -- Bob Bartlett and Ernest Gruening !!
2007-10-11 13:52:06 · answer #6 · answered by Anonymous · 4⤊ 1⤋
The deficit will surely drop when the value of a US Dollar plummets.
Besides...Why celebrate when Bush is merely approaching (only cuz of USD de-valueing) deficit levels when he took office. Clinton handed him the largest budget SURPLUS in history. Don't forget that.
2007-10-11 13:42:06 · answer #7 · answered by Anonymous · 1⤊ 2⤋
See my answer to the question in the link below to get the answer to your question.
http://answers.yahoo.com/question/index;_ylt=AiDT5AErJeyViHkRAnv5WrHsy6IX;_ylv=3?qid=20071011095706AAMplUJ&show=7#profile-info-bqjAmuISaa
2007-10-11 13:40:14 · answer #8 · answered by ? 6 · 0⤊ 2⤋
I think you missed the boat. Someone already posted this. But thanks anyway.
2007-10-11 13:38:44 · answer #9 · answered by Spirish_1 5 · 0⤊ 3⤋
Thanks to the Democratic majority in Congress.
2007-10-11 13:39:56 · answer #10 · answered by Anonymous · 3⤊ 4⤋