Obama states.."the rich not paying more in taxes is one of the driving forces in our deficit". Agree or just more complete BS from Obama?
Mr. T
2012/07/09 16:17:02
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4 votes
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Can you imagine that? If the rich gave everything they had, it wouldn't make a dimple in the deficit he has single handily created himself.
Are Americans falling for this BS? If they are, we are in a lot worse shape than I ever thought.
Are Americans falling for this BS? If they are, we are in a lot worse shape than I ever thought.


















After his election, George Bush quickly set about dismantling the progress made under Clinton..... Bush's $1.4 trillion tax cut in 2001, followed by a second $550 billion round in 2003. As the Center on Budget and Policy Priorities (CBPP) detailed, those Bush tax cuts accounted for almost half of the mushrooming deficits during his tenure. Then came the costly MedIicare Part D which Republicans had no idea how they would pay for it. Add that to the deficit. George's African Iniiative. Add that. By January 2009, the mind-numbing deficit figure topped $1.2 trillion, forcing President Bush to raise the debt ceiling to $11.3 trillion.
The most recent CBPP analysis reveals that over the next 10 years, the Bush tax cuts will contribute more to the U.S. budget deficit than the Obama stimulus, the TARP program, the wars in Afghanistan and Iraq, and revenue lost to the recession - combined.
I forgot, he already does (Pelosi,Reid,Holder,) but he still puts outs more BS than anyone can keep up with.