The Deficit Did Not Cause The Recession, The Recession Caused The Deficit

[unhappycamper]

6. Actually, all that war spending on the credit card and dubya's tax cuts caused the problem

The Iraq and Afghanistan adventures were never paid for. Funding invasions and occupations on the credit card AND rewarding your base by cutting their taxes do not a good economy make.


dubya and darth spent their eight years in the White House using St. Ronnie's "Deficits don't matter" strategy. ( http://tinyurl.com/d737g3c )

IIRC they cancelled the M2 (?) Money Supply Report to make deficits not appear 'official'.

Annual 'emergency supplementals' to keep the occupations going kept the Pentagon budget lower and just shifted money to the deficit. The deficit we are talking about now.