Politics Magazine

Still Paying For Bush And The GOP

Posted on the 14 March 2013 by Jobsanger
Still Paying For Bush And The GOP There is a lot of truth in this. President Clinton left Bush with a budget surplus. Bush almost immediately got this nation into two expensive and totally unnecessary wars (and lied to do it). But instead of paying for those wars with a small tax increase, Bush lowered taxes -- especially for the richest Americans. That turned the budget surplus into a huge budget deficit, which Bush then passed on to President Obama -- along with a huge recession caused by his other economic policies (the so-called "trickle-down" theory of economics).
The really sad part is that all of this could have been avoided. But that would have required the Republicans to have a modicum of knowledge about economics -- which they have repeatedly shown they do not have.

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • The Corruption of Academic Medicine

    Corruption Academic Medicine

    Many doctors are genuinely puzzled why much of the general public does not trust what they say. For example, there's the GOOP story. Gwyneth Paltrow sells lots... Read more

    10 hours ago by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • Vegan Gluten-Free Spiced Chestnut Pancakes!

    Vegan Gluten-Free Spiced Chestnut Pancakes!

    This morning, I invented these lovely Vegan Gluten-free Spiced Chestnut flour Pancakes! That is a mouthful hey? They are super easy to make, very delicious ar... Read more

    10 hours, 40 minutes ago by   Sophies Foodie
    FOOD & DRINK, RECIPES, VEGETARIAN & VEGAN
  • Goldfinches with Rage Issues, Join the Pineapple Port Street Team & Giveaways!

    Goldfinches with Rage Issues, Join Pineapple Port Street Team Giveaways!

    Goldfinches with Rage IssuesLiving in the Northeast, where most of the birds are pretty blah compared to tropical regions, I’ve always had an affinity for... Read more

    10 hours, 49 minutes ago by   Kidfreeliving
    FAMILY, HUMOR
  • What I Wore: Summer-izing

    What Wore: Summer-izing

    Jacket: In The Band Jacket c/o cabi (XL) | Tee: J. Crew (XL; similar) | Jeans: Kick It Crop c/o cabi (14; similar) | Bag: Rebecca Minkoff (on sale!) | Cuff:... Read more

    10 hours, 53 minutes ago by   Wardrobeoxygen
    FASHION, SELF EXPRESSION, SHOPPING
  • Hundreds of Canadian Doctors Demand an End to the Low-Fat Nutrition Dogma

    Hundreds Canadian Doctors Demand Low-Fat Nutrition Dogma

    It's time for an end to the low-fat nutrition dogma. It's time to change the official dietary guidelines that have failed to prevent - and may even have... Read more

    11 hours, 4 minutes ago by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • Gary Taubes in London This Fall

    If you have your ways around London on the 18-19th of November, then here's a treat. Gary Taubes, author of The Case Against Sugar, Why We Get Fat: And What to... Read more

    11 hours, 55 minutes ago by   Dietdoctor
    DIET & WEIGHT, HEALTH, HEALTHY LIVING, MEDICINE
  • Suspicion Points Towards Arson After Fires Ravage the French Riviera

    Yesterday, I wrote this at Facebook to explain the photo you see above, the early morning view from our home: Accident or toerag arsonists? Read more

    12 hours, 6 minutes ago by   Colin Randall
    CULTURE, TRAVEL

Magazines