TARP, bailouts, the stimulus? Ain't crap. And the economic downturn didn't really make much of a dent. The big driver of current and future deficits are the Bush era tax cuts. Although the hole blown in the deficit by the cuts dwarfs them, it pays to point out that we fought two wars -- which Bush made sure were off-budget -- while giving people who could afford to help pay for those wars a free ride.
This isn't pie-in-the-sky liberal loopiness here. These are history, these are facts. We were told that tax cuts would help us "grow our way out of deficits." They didn't. Again, that is fact. We were told the tax cuts would give us a rollicking, healthy economy. Look around you. They failed. That is a fact. In short, every argument in favor of the cuts has failed to materialize. The Bush tax cuts are -- as a simple matter of historical fact -- a complete failure. They are currently zombie policy; dead arguments, inexplicably still shambling around, serving no actual, real world purpose and feeding off the public dime...[CLICK TO READ FULL POST]
