Thursday, May 10, 2012

Debt/deficit FACTS

CBO: Bush Tax Cuts Responsible For Almost A Third Of Deficit In Last 10 Years

 http://politicalcorrection.org/blog/201105130001

 

Economic Downturn and Bush Policies Continue to Drive Large Projected Deficits
Economic Recovery Measures, Financial Rescues Have Only Temporary Impact

 http://www.cbpp.org/cms/index.cfm?fa=view&id=3490&utm_source=twitter

 

The Bush Tax Cuts Just Did Not Deliver

 http://politicalcorrection.org/factcheck/201011190001

 

 

 

How the Deficit Got This Big

 In 2001, President George W. Bush inherited a surplus, with projections by the Congressional Budget Office for ever-increasing surpluses, assuming continuation of the good economy and President Bill Clinton’s policies. 

 Bush, tax cuts and war spending were the biggest policy drivers of the swing from projected surpluses to deficits from 2002 to 2009. 

 http://www.nytimes.com/2011/07/24/opinion/sunday/24sun4.html