It’s George Bush’s Fault – but then we knew that

Bruce Bartlett:

Putting all the numbers in the C.B.O. report together, we see that continuation of tax and budget policies and economic conditions in place at the end of the Clinton administration would have led to a cumulative budget surplus of $5.6 trillion through 2011 – enough to pay off the $5.6 trillion national debt at the end of 2000.

Tax cuts and slower-than-expected growth reduced revenues by $6.1 trillion and spending was $5.6 trillion higher, a turnaround of $11.7 trillion. Of this total, the C.B.O. attributes 72 percent to legislated tax cuts and spending increases, 27 percent to economic and technical factors. Of the latter, 56 percent occurred from 2009 to 2011.

Republicans would have us believe that somehow we could have avoided the recession and balanced the budget since 2009 if only they had been in charge. This would be a neat trick considering that the recession began in December 2007, according to the National Bureau of Economic Research.

 Andrew Sullivan:

When you check reality, rather than the alternate universe constantly created by Fox News and an amnesiac press, you find that Bush had a chance to pay off all our national debt before we hit the financial crisis – giving the US enormous flexibility in intervening to ameliorate the recession. Instead, we had to find money for a stimulus in a cupboard stripped bare – its contents largely given away, by an act of choice. I’m tired of being told we cannot blame Bush for our current predicament. We can and should blame him for most of it – and remind people that Romney’s policies: more tax cuts, more defense spending are identical.

The damage done by Bush and his allies in Congress and their enablers in the press is mind boggling in its vastness.  Is there anything that man touched that he didn’t absolutely screw up?

  1. #1 by brewski on June 12, 2012 - 11:15 am

    I will agree to Clinton’s budget numbers any day.

    Clinton’s last year in office (after 8 years in office, presumably when he had the most ownership):

    Federal spending as a percent of GDP = 17.98%
    Federal revenue as a percent of GDP = 20.35%

    Current year:
    Federal spending as a percent of GDP = 24.33%
    Federal revenue as a percent of GDP = 15.82%

    You agree to get spending to 17.98% and I will agree to get revenue to 20.35%

    Deal?

  2. #2 by brewski on June 12, 2012 - 11:38 am

    I also like that you quote Bruce Bartlett on taxes. I am a huge fan of his since he is a huge proponent of wholesale tax simplification and a huge critic of Obama’s tax code tinkering:

    http://www.nationalreview.com/agenda/289232/bruce-bartlett-president-obamas-tax-reform-proposals-sotu-reihan-salam#

    http://economix.blogs.nytimes.com/2012/04/10/how-to-really-simplify-the-tax-code/

  3. #3 by cav on June 12, 2012 - 3:05 pm

    This recession was in part the result of massive numbers of common folk going ‘Galt’ in response to the ‘mandate’ for war, tax-cuts and other calumny claimed by the Bush team. Can you support that? Nope. Bye bye life as we knew it. Hello people power.

  4. #5 by brewski on June 14, 2012 - 1:22 pm

  5. #6 by cav on June 14, 2012 - 3:09 pm

    Obviously, we are, as a sub-species, dumb’r ‘n posts.

  6. #7 by shane on June 14, 2012 - 10:42 pm

    More than 90% of Americans believe in god and yet more than 16% claim to be atheist or agnostic.

    Put into perspective, I would say cav is right, the vast majority couldn’t find their ass with a pickaxe, compass, and night goggles.

    Hell, if i recall correctly, a majority of this “christian nation” can’t name half the ten commandments. And they have a better shot at that than knowing who in American politics is to blame for something!

    But they want those commandments taught in school! Even though it means they might learn that “god helps those that help themselves” isn’t a quote from Jesus.

    Supply side Jesus rides again!

  7. #8 by brewski on June 14, 2012 - 11:03 pm

    “You will not be punished for your anger, you will be punished by your anger.”

  8. #9 by Ronald D. Hunt on June 14, 2012 - 11:58 pm

    shane,

    which statistic does Pastafarianism fit into?…

    http://en.wikipedia.org/wiki/Flying_Spaghetti_Monster

    From their holy book the “Loose Canon, a Holy Book of the Church of the Flying Spaghetti Monster”….

    “Since you have done a half-ass job, you will receive half an ass!” The Great Pirate Solomon grabbed his ceremonial scimitar and struck his remaining donkey, cleaving it in two.” — Slackers 1:51–52

    I like the Church of Gadget as well

    http://englishrussia.com/2010/02/17/russian-gadget-hackwrench-religion/

    They don’t have a holy book to quote as far as I know.

    And if those don’t work for the statistic you can also check the Dalai Lama’s twitter feed for wisdom!!!

    https://twitter.com/#!/DalaiLama

    “I am increasingly convinced that the time has come to find a way of thinking about spirituality and ethics beyond religion altogether.” — Dalai Lama

  9. #10 by Shane Smith on June 15, 2012 - 12:15 am

    Ron, As one who has been touched by his noodley appendage, I have to list pastafarians as “other.”

    brewski, what are you babbling about? Forgot the meds again?

  10. #11 by cav on June 15, 2012 - 8:02 am

    Anger is punishment enough – Endocrinologically in any case.

    (Note to self) Now get out there and practice your laughing, having fun – before you forget how it’s done.

    Ye hear the one about the Polish Nano-Pole vaulter who used a piece of uncooked spaghetti to jump with? Neither did I.

  11. #12 by Shane on June 15, 2012 - 8:16 am

    cav, try this…

    First find a business you think will be around for some time, same company, same people. Get a labcoat, goggles, and a helmet with some EEG wiring to it. Think doc brown, back to the future.

    Run in to the business right before they close one day and ask everyone what year it is. Put some passion into it. When they tell you, say “damn!” and leave. Wait exactly one year. Do it again. But this time when they give the date, yell, “yes! It worked! Take that Nobel committee!”. And run out cheering.

    Wait another year, same clothes again, but put some singe marks in them and maybe rub a bit of soot on a few places. Run in and ask if you were just in here a second ago asking what year it is…

  12. #13 by cav on June 15, 2012 - 8:24 am

    The Bob Dobbs strain of Pantheistic Hedonism?

    I only have SO many years!

  13. #14 by cav on June 15, 2012 - 8:31 am

    If we could just remove the confusion between the MSM and the FSM, we might just begin to get somewhere.

  14. #16 by cav on June 15, 2012 - 9:03 am

    Fractals meet Tim Leary – with a little music thrown in. I’d opt for other tunage but…

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