SOTU: Bush Has Overseen Massive Deficits
SOTU: Bush Has Overseen Massive Deficits
Bush said: “Keeping America competitive requires us to be good stewards of tax dollars.”
FACT– BUSH HAS PRESIDED OVER SUSTAINED, RECORD DEFICITS: In his 2002 State of the Union address, Bush promised that “our budget will run a deficit that will be small and short-term.” Bush has not kept his promise. The 2005 U.S. budget deficit was $319 billion, the “third-largest ever.” Goldman Sachs predicts $5 trillion in deficits over the next 10 years and Federal Chairman Alan Greenspan argued last April that “the federal budget is on an unsustainable path. … Unless that trend is reversed, at some point these deficits would cause the economy to stagnate or worse.” [Bush, 2002 State of the Union; Fox News, 1/25/06; Center for American Progress, State of the Economy, 1/26/06; Alan Greenspan, 4/21/05]
FACT — BUSH TAX CUTS WOULD WORSEN THE DEFICIT: The President’s tax cuts would only “expand the deficit over the next five years,” despite his promises to the contrary. [Center for Budget and Policy Priorities, Press Myths]
Topic Cloud
ArchivesBlog Roll
Damn it, TP, you are SO good!
January 31st, 2006 at 9:38 pmYeah, but the people who own Bush like
January 31st, 2006 at 9:39 pmthe tax breaks, so everyone else can just
“eat cake” if they have no bread.
oh my god!!!!!!! hilarious!!!!!!!!! talk about unscripted
“members of congress rejected my proposal for a reform in socail security”
Entire side of Democratic Senators clapped and cheered while Republicans just sat there while Bush just smiled.
January 31st, 2006 at 9:40 pmGeorge knows that it’s possible a Dem would have to raise taxes. Pandering to his base.
January 31st, 2006 at 9:41 pmThe SPIN!!!! The SPIN!!!
They make it so the average Joe can’t see straight.
Well, I’m NOT your Average Joe. My sight is fine…
January 31st, 2006 at 9:43 pmand Bush Sucks!
Heckuva Job Greenspan
Federal Debt when he began as chairman
Feb 1, 1992: $3,900,000,000,000.00 (Approx)
Now:
January 31st, 2006 at 9:55 pmJan 31, 2006: $8,186,710,462,276.89
Actually True Blue is Right, most of the time NBC is showing the Republican side of Congress instead of the Democratic Side.
January 31st, 2006 at 9:56 pmActually True Blue is Right, most of the time NBC is showing the Republican side of Congress instead of the Democratic Side. This makes people think that Bush has alot of support from Congress.
January 31st, 2006 at 9:57 pmWho the hell is Bush kidding here? Of all people to talk about deficits. This is the very person that can’t even add 1 + 1. All he’s done is drain this economy.
January 31st, 2006 at 10:08 pmThese are the people who don’t have the honesty to include the cost of our occupations in the budget. It is pretty funny to see all the Republican parrots cut and run when it comes to actually paying for the occupation. They are all patriotic and rightous as long as they don’t have to foot the bill. “Put it on the credit card and let the next generation pay for our revenge.” How pathetic to use gimmicks to hide the real cost of this unnecessary occupation and then pretend to be the champions of fiscal responsibility.
February 1st, 2006 at 12:12 am