Doc Savage Fan
Lifer
- Nov 30, 2006
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For the record, I've never viewed you as an "amalgamation of left wing posters". I believe everyone is unique and try to avoid stereotyping and putting words in others mouths or imagining what that may think. I apologize if I've given you that impression.Originally posted by: eskimospy
Originally posted by: Genx87
Come on your change of tune is like night and day. Deficit spending under Bush was terrible. Under Obama is ok because of a recession and these supposed infrastructure upgrades.
Bush deficit spent his way out of the recession of 01-02 but Ill assume that was bad in your view?
Oh really? Why don't you try arguing against what I've actually said as opposed to what you think I said? For some reason you and our good friend Doc Savage think that I need to respond as if I were some amalgamation of left wing posters on here.
My two enduring criticisms of Bush were that he financed tax cuts for the rich with deficits as part on overarching policy independent of economic conditions. I've always been a supporter of Keynesian economics, and when Bush passed the economic stimulus package in the beginning of the year I supported that in principle.
What burns me about Bush's deficit spending is that we have literally nothing to show for it. If you go a billion dollars into debt to build a bridge, at least you have a bridge out of it. A billion dollars in debt for a billionaire gives us exactly what?
I share your criticism of Bush for the tax cuts to the wealthy and wish Congress would take action to repeal that part and not throw out the other tax cuts for the middle and lower classes. If I remember correctly...the bulk of the tax cuts for the wealthy were in the last 2 or 3 years of the plan. But isn't it interesting that our recent deficits are not caused by decreased revenues but by increased spending. Yet you've advocated increased spending. I share your frustration with "having nothing to show for it". I just don't think heaping on more debt is the answer...I firmly believe that it'll come back to us in the end and bite us in the butt...big time.
