Matt1970
Lifer
Right. The interest on our debt is now 10% of our total tax revenue.The numerical value of a deficit isn't what matters. Its the size compared to gdp and our ability to carry the debt
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Which why Obama and company made them permanent?The problem with Bush's policies was first of all an unnecessary tax cut. Which btw, affected Obama's deficits for years too because its almost impossible politically to undo tax cuts. Its not fair to blame Obama for the portion of his deficits which were caused by a policy he was trying to fix.
True, but since when has our government worried out funding stuff they want?Secondly, Bush got us into two wars and made no effort to fund them.
I am sure it contributed to it but the what is largely agreed on as the biggest contributing factor was the bi-partisian bill that repealed Glass-Steagall.Thirdly, Bush's philosophy of letting banks and private enterprise go largely unregulated contributed to a huge financial disaster.
Its all worked more or less according to plan, although its taken longer than was originally forecast. Given the complexity I don't think that's surprising.
According to plan the Stimulus was not supposed to let us go over 8% Unemployment. We hit 10.2% which means they were clueless about it's effects and what was needed.
If the House wasn'r so obsessed with Obamacare, for political gain as far as I'm concerned, I think we could have had some tax reform by now.
You mean like when Unemplyment was 10.2% Obama's biggest concern was Obamacare?