I think some need to read the facts on the Bush tax cuts that Gough implies were only for his rich buddies when in fact almost everyone saw cuts in their taxes and is the main reason why 47% of folks today pay no federal taxes.
"From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. The rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years."
The problem was that under Bush spending increased as he never had the guts to veto any of the pork spending.
I'm still struggling to understand why if the Bush taxs did not work and were such a bad thing why then did Obama and a Dem controlled Congress extend them???
Don, you seem to suggest that it was only Clinton that helped get us out of the red and that Congress played no roll.
Do you recall Clinton's economic plan to help right our ship? Does the word austerity ring a bell?
The following according to the left leaning NY Times.
Feb. 18, 1993
President Clinton's economic plan proposes making $253 billion in spending cuts over four years by eliminating some programs and cutting back others, including a plan to scale back the $30 billion space station to eliminate cost overruns.
The plan he presented to Congress would also cut benefits for retirees, veterans and the poor by $91 billion over four years and impose or raise fees on many Government services.
As part of an effort to convince Americans who would pay higher taxes that his plan to reduce the deficit would be fair, $8.3 billion of the savings would be accomplished by freezing Federal workers' pay for one year and reducing future scheduled raises. Earlier Presidents
