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ffr

(23,390 posts)
13. Bush's tax cuts resulted in $10.8T in debt ALL BY THEMSELVES
Fri Sep 29, 2017, 05:31 PM
Sep 2017

Because, had the GOP did nothing, the CBO had forecast that the total national debt would have been paid off by 2009. Zero, zilch, nada. I'm not talking annual deficit, I'm talking the entire national debt PAID OFF. But instead of $0.00 in 2009, total public debt was $10.8T. Now we know the true cost of conservative tax policies. Tax cuts are nothing more than deferred taxes with interest.

BUT NO! Bush and the republicans gave us $300 - $600 back on our taxes and what we reaped form the 2008 recession that resulted was a loss of 50% of our portfolio assets, including value on real estate. No thanks. Next time republicans talk about tax cuts, think about who really made tax policy work, Bill Clinton, their arch enemy. Now you know why they had it in for him and Hillary.

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