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News & Politics News & Politics

Cheney Says Bush Tax Cuts Increased Deficit

Posted by on Apr. 29, 2012 at 1:36 PM
  • 51 Replies
2 moms liked this

yup, that's right ... Dick Cheney was interviewed and admitted
Bush Tax Cuts caused JOB LOSS
Bush Tax Cuts caused Dow to DROP
Bush Tax Cuts caused HIGH Unemployment
Bush Tax Cuts cause HUGE Deficit through 2013

The next time you hear a Republican say ending the Bush Tax Cuts is a tax increase on "job creators"

... remind them Bush Tax Cuts created HUGE Deficit through 2013

... remind them Bush/Cheney first 32 months of Bush Tax Cuts 2.6 Million Jobs LOST

... remind them Bush Tax Cuts increased unemployment by 49%

... remind them ending Bush Tax Cuts for the Top 1% for one year could have paid for the war

... remind them in 2010 the Republicans held Middle Class Tax Cuts Hostage in exchange for extending the Bush Tax Cuts for the Top 1%
(Thus making the Bush Tax Cuts the GOP Tax Cuts)

... remind them of Dick Cheney's words: "Bush Tax Cuts were 25% of the Deficit in 2003"

... ... hmmm ... what percent of the deficit are those tax cuts today?

by on Apr. 29, 2012 at 1:36 PM
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Replies (1-10):
PamR
by Platinum Member on Apr. 29, 2012 at 1:39 PM
4 moms liked this

duh

Sisteract
by Socialist Hippie on Apr. 29, 2012 at 2:09 PM
1 mom liked this

I second Pam's response-

So either pony up or quit complaining. Either you care about this country and your grand children's grand children's future, or you do not.

29again
by Gold Member on Apr. 29, 2012 at 6:54 PM
1 mom liked this

One more time, I am going to ask:

How does a tax cut increase the deficit, or cost money?  How does asking less taxes cost money?  How????  I've been waiting for over 2 years for an answer, and I have yet to receive one.  I'm sure that at least one you ladies are smart enough to explain this to me so that I can understand this. 

Carpy
by Platinum Member on Apr. 29, 2012 at 8:09 PM
3 moms liked this

That was certainly highly edited.

shimamab
by on Apr. 29, 2012 at 8:18 PM
This is a total guess...but I'd say basing budgets and spending on projected income from one tax rate, then when it's scaled back, you run short. The original tax cuts weren't "paid for" by spending cuts, then when they came up for renewal, Obama signed off in order to get a compromise on the payroll tax cut.

Quoting 29again:

One more time, I am going to ask:

How does a tax cut increase the deficit, or cost money?  How does asking less taxes cost money?  How????  I've been waiting for over 2 years for an answer, and I have yet to receive one.  I'm sure that at least one you ladies are smart enough to explain this to me so that I can understand this. 

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Carpy
by Platinum Member on Apr. 29, 2012 at 8:18 PM
1 mom liked this

Under LBJ revenue grew by 25%, but spending grew by 24%. 

·      Under Nixon revenue grew by 17%, but spending grew by 21%.

·      Under Ford revenue grew by 11%, but spending grew by 22%.

·      Under Carter revenue grew by 20%, but spending grew by 13%.

·      Under Reagan revenue grew by 15%, but spending grew by 25%.

·      Under Bush Sr. revenue grew by 17%, but spending grew by 18%.

·      Under Clinton revenue grew by 35%, but spending grew by 9%.

·      Under Bush Jr. revenue grew by 10%, but spending grewby 25%.

The problem is not taxes, the problem is out of control spending.

shimamab
by on Apr. 29, 2012 at 8:23 PM
There's def a spending problem but can the budget be balanced and deficit paid down without increasing taxes? Many economists find it unlikely because of the amount of debt. Also, some the cuts required aren't popular so pols don't want to stick their necks out. Instead, they all want to fight over "pennies" spent on each others pet projects and party platform items in an effort to demonize each other. Of course, this is just one chick's view on it ;)
Quoting Carpy:

Under LBJ revenue grew by 25%, but spending grew by 24%. 


·      Under Nixon revenue grew by 17%, but spending grew by 21%.


·      Under Ford revenue grew by 11%, but spending grew by 22%.


·      Under Carter revenue grew by 20%, but spending grew by 13%.


·      Under Reagan revenue grew by 15%, but spending grew by 25%.


·      Under Bush Sr. revenue grew by 17%, but spending grew by 18%.


·      Under Clinton revenue grew by 35%, but spending grew by 9%.


·      Under Bush Jr. revenue grew by 10%, but spending grewby 25%.

The problem is not taxes, the problem is out of control spending.

Posted on CafeMom Mobile
29again
by Gold Member on Apr. 29, 2012 at 10:27 PM

Yes, it can.  I believe the plan is called the "Penny Mack Plan"  and it is completely do-able, however, the fact that a Repub came up with it is enough to ensure that it will never pass.  And then there is the Ryan budget.  I know there is plenty in it that you dems don't like, but it will work.  In any case, balancing the budget and paying down the deficit is going to take some sacrifices on everyone's part. 

Quoting shimamab:

There's def a spending problem but can the budget be balanced and deficit paid down without increasing taxes? Many economists find it unlikely because of the amount of debt. Also, some the cuts required aren't popular so pols don't want to stick their necks out. Instead, they all want to fight over "pennies" spent on each others pet projects and party platform items in an effort to demonize each other. Of course, this is just one chick's view on it ;)
Quoting Carpy:

Under LBJ revenue grew by 25%, but spending grew by 24%. 


·      Under Nixon revenue grew by 17%, but spending grew by 21%.


·      Under Ford revenue grew by 11%, but spending grew by 22%.


·      Under Carter revenue grew by 20%, but spending grew by 13%.


·      Under Reagan revenue grew by 15%, but spending grew by 25%.


·      Under Bush Sr. revenue grew by 17%, but spending grew by 18%.


·      Under Clinton revenue grew by 35%, but spending grew by 9%.


·      Under Bush Jr. revenue grew by 10%, but spending grewby 25%.

The problem is not taxes, the problem is out of control spending.


lga1965
by on Apr. 29, 2012 at 10:30 PM

 WOW!!!  I agree! I have always thought that the tax cuts were a disaster. But now CHENEY is saying this?

 ::::thud::::::

I can't believe that he is actually telling the truth! This is the first time I have ever agreed with Cheney. Wow....

Maybe his new heart is so efficient that it is flooding his brain with richly oxygenated blood and allowing him to think clearly and honestly for the first time in years. But now he has to persuade other wealthy Republicans and stingy Conservatives that raising taxes will HELP America to lower the debt we are now seeing . It makes sense.

29again
by Gold Member on Apr. 29, 2012 at 11:12 PM
2 moms liked this


Quoting lga1965:

 WOW!!!  I agree! I have always thought that the tax cuts were a disaster. But now CHENEY is saying this?

 ::::thud::::::

I can't believe that he is actually telling the truth! This is the first time I have ever agreed with Cheney. Wow....

Maybe his new heart is so efficient that it is flooding his brain with richly oxygenated blood and allowing him to think clearly and honestly for the first time in years. But now he has to persuade other wealthy Republicans and stingy Conservatives that raising taxes will HELP America to lower the debt we are now seeing . It makes sense.

And I suppose you think the wealthy dems should be allowed to keep every penny they make?  They don't have to pay increased taxes, as well?  And there is not one single stingy Liberal, either.  Well, gee whiz.  Could you possibly be more partisan about one of the worst things facing this nation at this time?

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