Tilted Forum Project Discussion Community - View Single Post - National Debt: Year 2000 Increase= $18 billion, 2008 Increase= $700 Billion

dc_dux · 01-27-2008, 03:16 PM

I would agree with you both that there is a transitional affect.....at least for the first 2-3 years of the succeeding President's term.

But, you cannot ignore the policies of Clinton to cut the growth of spending in his last three years, and Bush, who proposed massive tax cuts on two separate occasions, accompanied by annual budgets with uncontrolled growth for seven years, a war and occupation funded outside the budget process but added to the national debt and passed on to future generations, an unwillingness to take any action on trade policy for seven years (particularly regarding China) contributing to the trade deficit, huge tax breaks to multi-national energy companies making record profits at the same time as rising energy prices......

01-27-2008, 03:16 PM	#12 (permalink)
dc_dux Location: Washington DC	I would agree with you both that there is a transitional affect.....at least for the first 2-3 years of the succeeding President's term. But, you cannot ignore the policies of Clinton to cut the growth of spending in his last three years, and Bush, who proposed massive tax cuts on two separate occasions, accompanied by annual budgets with uncontrolled growth for seven years, a war and occupation funded outside the budget process but added to the national debt and passed on to future generations, an unwillingness to take any action on trade policy for seven years (particularly regarding China) contributing to the trade deficit, huge tax breaks to multi-national energy companies making record profits at the same time as rising energy prices...... __________________ "The perfect is the enemy of the good." ~ Voltaire Last edited by dc_dux; 01-27-2008 at 03:20 PM..