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Originally Posted by irateplatypus
Bush was against deficits; now he's for them.
like actually for deficits? as in, he creates deficits in his spare time? i'm certain that he isn't for deficits but realizes that in order to cope with the WORLD TRADE CENTER being knocked over and prosecuting two major wars... deficit spending is necessary. this isn't anything new.
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irate,
there is something new about the current deficit in relation to wartime expenditure--this is the first time in our nation's history that tax cuts have been enacted while we are at war.
At all other times we have raised taxes on the wealthy, in particular, in order to finance wartime efforts. I don't know enough to say whether such increases were framed publicly as part of the wealthy's civic duty to pay higher taxes during wartime, but we definately raised them to finance our wars.