In 2001, CBO projected $6TT in surplus by 2011

[Old and In the Way]

this is what Bush/Cheney and the Republicans gave us:



Next time you hear a RWNJ try to tell you that the deficit is Obama's fault, educate them.

[msongs]

1. too bad obama approved extending the bush "tax cuts" nt

[Major Hogwash]

3. So poor people could eat.

Extending unemployment benefits for another year to those who were left behind by the corporations that were ripping the country off while Bush was President.

Boo-yah!

[Ikonoklast]

10. Guess you don't care that the unemployed were held hostage by the Republicans.

And that the working class tax cuts were also extended.

Only posting a partial truth does not help your supposed position.


But keep catapulting the propaganda!

[liberal N proud]

2. Yet it is Obama who is breaking the country

[Old and In the Way]

16. I see this lie all over the internet.

It's important to combat these lies with the facts.

[Dokkie]

4. I bet they also projected

that the dotcom bubble will never burst

[Cosmocat]

6. Probably over calcuated the economy, but the major issues

have been the bush tax cuts - BOTH of them, the fricken wars and ancillary terrorism spending, and gas prices.

Two of these are voluntary and unnecessary self inflcted wounds - the tax cuts and Iraq. The gas prices are systemically self induced - undoing what Carter set up over three decades ago to decrease our oil usage/dependence, as well as farting around in the ME.

I think it is also important to remember what the Rs were saying during the 2000 elections.

They ran AGAINST the surplus. That was how Bush sold the tax cuts - giving folks their money back.

But, the meme from the right wing was that you could not trust the government with that much extra money, because it would start buying up private enterprise. Just some bizarre nonsense.

But, the "liberal media' that now is channeling all of the right wing's screaming about the debt validated that nonsense then, and the same clowns screaming about the debt were leading the sheep to take their bread crumb tax cuts to allow the transfer of wealth to the top 5% with this nonsense about how horrible a surplus would be.

[Dokkie]

7. Agree with everything you said

But most of us only see the wrong doings of republicans, to them the repeal of Glass Steagall never happened, the passage of NAFTA never happened and the fact that we left the surplus to them instead of using it to pay off our national debt never happened.

And yea I disagree with you on the debt issue, we do need to be worried about it. We cant just leave it to our children to pay for it, at some point we've got to start paying it down and not just the interest and theres no better time than when you are running surplus even though the surplus was spawned by a massive dotcom bubble

[Cosmocat]

8. We don't disagree at all

It pisses me off to NO end that these morons took a budget on track to square a lot things up and flipped it DEEP into the red.

Any reasonable person understands the debt currently is untenable.

I just hate the Jackoffs who ran on saying a surplus was a bad thing, then fd up the whole thing are now pegging on the guy who took office with a half dozen major fires, and somehow the "liberal media" allows him to own it.

[Old and In the Way]

12. This was no accident.

They knew exactly what the outcome would be. Destroy the very foundation of a progressive government. Remember Dick Cheney? "Deficits don't matter." That wasn't directed to us...that was directed to the 1%. He was telling them, deficits don't matter, because the losers (bottom 90%) will owe it and there won't be any money to do stuff like education, healthcare, oversight, etc. His vision was pitting the bottom 90% against each other, providing a big enough distraction to cover the 10% while they stole the rest.

[Cosmocat]

15. I normally don't tend to give them that much credit

I think people over sell the right wings capacity to look ahead.

BUT, I do think in this case, your explanation is very likely.

Outside of getting elected, no other reason to blow up the budget like they did.

Just surreal that somehow the evil democrat/liberal gets pegged for our budget problems ...

[global1]

5. This Chart Really Lays It Out And Tells It Like It Is, However, If You Showed This Chart To Most ...

Americans I'm sure that they wouldn't be able to understand or interpret it and many would view it as complicated. This is really damaging to the Bush Administration and the Repugs - but somehow it needs to be more simplified.

[Old and In the Way]

11. Economics isn't a simple concept, unfortunately.

That's why morons vote Republican because they use simple phrases that simply misinform. I guess the point of posting this is to suggest that we spread it far and wide and then answer questions from the people who vote republican and against their best interests.

[rufus dog]

9. Additionally

The items in the Obama chart would not have been required had the repubs not driven the economy off the cliff.

[Old and In the Way]

13. Absolutely correct. That stimulus was needed to combat Bush/Cheney criminal mismanagement

of the budget. They want to Michiganize our country. Single Party Republican rule.

[Old and In the Way]

14. Kick...

I wish we had a forum called "Refute the Lies". Teapublicans flat out lie about the root cause of our structural economic issues and the obvious solution in dealing with it.