http://www.washingtonpost.com/business/ ... aphic.html
Some of the comments are even more interesting.
Bush vs. Obama on who's REALLY at fault.
Moderator: Metal Sludge
-
KneelandBobDylan
- Playing Decent Clubs in a Bus
- Posts: 1365
- Joined: Tue Jun 13, 2006 12:37 pm
- Location: 3rd stone from the sun
-
Skate4RnR
- Signed to a Major Label Multi-Album Deal
- Posts: 16520
- Joined: Mon Sep 20, 2004 12:42 pm
- Location: Kuruksetra
Re: Bush vs. Obama on who's REALLY at fault.
Lieberals really are fucking scum of the goddamn Earth. Go to church!
-
KneelandBobDylan
- Playing Decent Clubs in a Bus
- Posts: 1365
- Joined: Tue Jun 13, 2006 12:37 pm
- Location: 3rd stone from the sun
Re: Bush vs. Obama on who's REALLY at fault.
Skate4RnR wrote:Lieberals really are fucking scum of the goddamn Earth. Go to church!
-
UncleMilton
- Taking Music Lessons
- Posts: 59
- Joined: Sun Jan 08, 2012 2:33 am
Re: Bush vs. Obama on who's REALLY at fault.
Bush and Obama are both to blame...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
-
DEATH ROW JOE
- Signed to a Major Label Multi-Album Deal
- Posts: 20480
- Joined: Sat Sep 19, 2009 11:51 pm
Re: Bush vs. Obama on who's REALLY at fault.
UncleMilton wrote:Bush and Obama are both to blame...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
-
brotherplanet
- Show Me Your Dick
- Posts: 7556
- Joined: Mon Feb 13, 2012 5:31 pm
Re: Bush vs. Obama on who's REALLY at fault.
Spot on.UncleMilton wrote:Bush and Obama are both to blame...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
-
HeavyMetalZombie666
- Angry Wyoming Rain Man
- Posts: 34410
- Joined: Mon Aug 02, 2004 1:55 pm
- Location: Casper, Wyoming, USA
- Contact:
Re: Bush vs. Obama on who's REALLY at fault.
yep. Bush during his second election let things fall apart because he was too busy focused on war and when Obama came in he stuck his fingers in a wound that was trying to hell and made it worse.UncleMilton wrote:Bush and Obama are both to blame...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
-
DEATH ROW JOE
- Signed to a Major Label Multi-Album Deal
- Posts: 20480
- Joined: Sat Sep 19, 2009 11:51 pm
Re: Bush vs. Obama on who's REALLY at fault.
Spot on stupid.brotherplanet wrote:Spot on.UncleMilton wrote:Bush and Obama are both to blame...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
The dollar is not on the verge of crashing. Headline inflation is 3.2%, inflation is expected to be 3.3% over the next 12 months and the demand for treasuries is so strong that the real rate of return is negative for 5,7 and 10 years.
The rapid growth in the national debt is a consequence of tax cuts. Going back to 97, taxes have been cut continuously with no major tax hikes (and no measurable positive impact on the economy). Tax revenue grew 8% a year from 1970 to 2000. Tax revenue grew 2.3% a year from 2000 to 2011. Spending grew 7.6% a year from 1970 to 2000 but 6.9% a year from 2000 to 2011.
........tax revenue spending (thousands)
1970: 192,807 195,649
2000: 2,025,191 1,788,950
2011: 2,627,449 3,728,686
tax revenue grew 8.1% a year from 1970 to 2000
tax revenue grew 2.3% a year from 2000 to 2011
spending grew 7.66% a year from 1970 to 2000
spending grew 6.9% a year from 2000 to 2011
97-2010 Tax Cuts
Tax Relief Act of 1997
Economic Growth and Tax Relief Reconciliation Act of 2001
Job Creation and Worker Assistance Act of 2002
Jobs and Growth Tax Relief and Reconciliation Act of 2003
Working Families Tax Relief Act of 2004
American Jobs Creation Act of 2004
Tax Increase Prevention and Reconciliation Act of 2005
Stimulus 2009
Extend Bush tax cuts 2010
Whichever party identifies themselves as the tax cut party is to blame for the rapid growth in the national debt.
-
Tommy2Tone84
- Signed to a Major Label Multi-Album Deal
- Posts: 23102
- Joined: Wed May 10, 2006 6:04 am
Re: Bush vs. Obama on who's REALLY at fault.
DEATH ROW JOE wrote:UncleMilton wrote:Bush and Obama are both to blame...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
-
brotherplanet
- Show Me Your Dick
- Posts: 7556
- Joined: Mon Feb 13, 2012 5:31 pm
Re: Bush vs. Obama on who's REALLY at fault.
HeavyMetalZombie666 wrote:yep. Bush during his second election let things fall apart because he was too busy focused on war and when Obama came in he stuck his fingers in a wound that was trying to hell and made it worse.UncleMilton wrote:Bush and Obama are both to blame...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
That pretty much sums it up.
-
KneelandBobDylan
- Playing Decent Clubs in a Bus
- Posts: 1365
- Joined: Tue Jun 13, 2006 12:37 pm
- Location: 3rd stone from the sun
Re: Bush vs. Obama on who's REALLY at fault.
brotherplanet wrote:HeavyMetalZombie666 wrote:yep. Bush during his second election let things fall apart because he was too busy focused on war and when Obama came in he stuck his fingers in a wound that was trying to hell and made it worse.UncleMilton wrote:Bush and Obama are both to blame...
They both have spent trillions...and put this country on verge of crashing dollar, inflation, etc
It is coming...
That pretty much sums it up.
If you have no idea what you're talking about, it certainly does.