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October 16, 2007

Bush Only Cares About Deficits When Dems Are in Power

I think this is sad and funny: Bush only care about deficits when Democrats are in power.

After six years of complete mislaying of the veto pen to keep deficits down, now, all of a sudden, now that Dems are in power, he's started issuing veto threats over deficits. That's so sadly funny.

Does he just not want patronage to go out to the Dem side? The article speculates that he's trying to get some deficit cred, but it's a little late when 3/4 of your time in office is passed with you taking no action of deficits.

This, by the way, is part of a thirty=year pattern of Republicans complaining about Democratic spending and taxes and then running big deficits when in power; the real thirty-year Democratic record is slightly lower spending (SCHIP is cheaper than military spending) and budgets much closer to balance. Well, if you think taxes are high if they're high enough to balance the budget, then Dem taxes are high, yes. I see no evidence of change from the GOP Presidential campaign rhetoric. Seeing this in my lifetime has done alot to keep me from even thinking about changing parties.

Posted by Jon Kay at October 16, 2007 02:03 PM
Comments

this is why the U.S. will soon be a one party state. The Bush Administration has destroyed any crediblity that the Republicans could have on conservative issues. The collapse of the Bush Administration coupled with changing demograhics in the U.S. means that in the future, only the Democratic Party will be relevant to politics and that the Democratic primary will be the only relevant election.

Posted by: superdestroyer at October 17, 2007 08:13 AM

Well, this is one of the reasons that Bush's approval level is so low. Democrats can't stand him because, well, he's George W. Bush and he's a Republican. Republicans have lost faith in him for any number of reasons, but his refusal to challenge the Republican Congress on spending is most definitely a large factor.

Looking at recent history, the only political combination we've seen work to help bring about a surplus is to have one party control the presidency and the other party control Congress.

HOWEVER, all that said, I must still point out that the current budget deficit has been going down for the past several years, thanks largely to the rapid growth in federal tax revenues which began after the Bush tax cuts in 2003.

Also, it is not inappropriate, despite his previous inaction, for the President to challenge the Democrats' spending. I remember their campaigns in 2006, and most of the ones responsible for the Dems taking the majority included as a key issue the Republicans' problem with deficit spending. They highlighted the deficit and pork, and then promptly dropped both concerns the moment they took office. I'd rather Republicans had a better, more consistent champion of fiscal restraint in office, but you go to politics with the President you've got...

Posted by: PatHMV at October 17, 2007 08:32 AM

Republicans have lost faith in Republicans. The US will spend 2.7 trillion dollars this fiscal. That amount is so astronomical that an accurate auditing of that number would be impossible. Spending is out of control and no has the ability to control it or the ability to reform government.

Danny L. McDaniel
Lafayette, Indiana

Posted by: Danny L. McDaniel at October 17, 2007 12:07 PM

Pat, couldn't you look at the entire half of the last century and see that it isn't divided government, per se, that brings about a surplus? It's specifically a Republican Congress and a Democrat as President. The other way (a Republican President and a Democratic Congress) didn't seem to do much for the deficit either.

Posted by: wj at October 17, 2007 12:43 PM

If we do become a one-party state, that's the end of the United States. It will be the end of democracy in this country.

We spent several years with Republicans controlling two major branches of government. It's gotten us rampant earmarks and corruption.

It will be no better if the first poster's prediction comes true.

Posted by: JonBuck at October 17, 2007 06:28 PM

I produced a very pretty chart over at Stubborn Facts last year showing clearly the rise and fall of the budget deficit each year and which party controlled the White House and the House of Representatives. If we limit ourselves to the past 50 years, the GOP hasn't controlled Congress long enough to be statistically significant... ;-)

Posted by: PatHMV at October 19, 2007 12:04 AM

I would call 4 trillion more in debt statistically significant.

The tax cuts have not produced the jobs or economic growth that the supply siders have claimed that it could, rather, the deficit spending has been the engine of job creation, what little there has been compared tot he previous 8 year average. Nor has the heavy deficit spending produced more growth above what one would expect the average economic expansion would be which is in the 2-3% annual GDP growth.

Clinton's '94 tax increase laid waste to the supply siders claim that tax increases reduce economic and job growth. What all the deficit spending has done is to lay waste to the American dollar and to make us more sensitive to the needs of the nations that hold our debt, including communist china.

here's some ugly numbers
09/30/2001 5,807,463,412,200.06

today, 6 years late, more than $9,000,000,000

None of this debt OR the Reagan debt or the Bush 1 debt has ever been paid back. None.

My daughter and many of her generation is going to thank the GOP every time they vote for a Democrat.


Posted by: Marcus at October 21, 2007 03:30 AM
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