Originally posted by: Bowfinger
Originally posted by: CADkindaGUY
Actually YOU are wrong. Add up the numbers for FY2003. Then lets look at the 2004 budget.
2003 budget(including the $75billion for Iraq in April)
-375B deficit
-75B - Iraq(april)
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300B deficit let to blame on War and Tax-cuts
-tax cut of 2001
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Equals?
How much was the taxcut for FY2003? Keep in mind that the Tax-cut that was passed this summer is for FY2004 and it was 350B over 10 years. So only about 125B is for the first year and about the same for the second - the rest is spread over the next ten years. PLUS - it actually only builds or hurries the tax-cuts Bush signed back in 2001. Like the rate drops will happen before the original 2006...etc
Read and learn my freind.
So Bowfinger what "cost" of Bush's first tax-cut was against FY2003? You have about 300B to go to be able to blame it all on Bush.
Ready...
Set...
Go!
Yep Bow - you keep trying to blame it on Bush and I'll keep telling you - you are full of Sh!t, because you are. I find it laughable that you can even remotely think that if you took away Iraq and the tax-cuts we'd be "hundreds of billions of dollars ahead." Buahaha...I can't believe I even had to quote that - it's absurd. When you get informed, please come back and ammend your statement
CkG
There you go again. "Maybe if I pretend the 2001 tax cuts weren't Bush's tax cuts I can distract everyone long enough to save face. Maybe if I pretend that 2003 is the only year with a deficit I can dismiss the even-bigger deficits that follow."
The 2003 federal deficit was $374 Billion. Over half of that, $205 Billion, is due to the two Bush tax cuts. Just like I said.
Bush's Iraq invasion cost us another $70 Billion to $92 Billion in 2003, depending on which expenses we count.
That brings our total to somewhere between $275 Billion and $297 Billion, 74% to 79% of the total 2003 deficit. Hundreds of billions. Just like I said.
The numbers only get worse in 2004. The tax cuts alone are projected to add another $310 Billion to the deifict in 2004. Add in another $100 billion or more for Iraq in 2004 and that's about $410 Billion total. Hundreds of billions, just like I said.
That's roughly $700 Billion in two years. Hundreds of billions, just like I said.
You didn't do very well in school, did you?
If we continue at this rate -- if -- that's over ONE TRILLION DOLLARS in three years just from Bush's tax cuts and Iraqi crusade. Perhaps the new Democratic leadership in 2004 can bring a little fiscal responsibility back to Washington.
CkG: "Yep Bow - you keep trying to blame it on Bush and I'll keep telling you - you are full of Sh!t, because you are. I find it laughable that you can even remotely think that if you took away Iraq and the tax-cuts we'd be "hundreds of billions of dollars ahead." Buahaha...I can't believe I even had to quote that - it's absurd. When you get informed, please come back and ammend your statement"
I think we can all see who is full of what. Thanks for playing.