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Bush tax cuts and the debt ceiling – Democrats were against them before they were for them

It seems the current Democrats, including President Obama, were against the Bush tax cuts and the debt ceiling before they were for them.

Excerpt:

… it is impossible not see the humor in watching Barack Obama and the Democrats now embracing the very policies they spent the last decade demonizing as the reason for deficits, unemployment, the downturn of the economy, male-pattern baldness, PMS, and the Cubs not winning the World Series.   Regardless of the problem, it was always George Bush’s fault.

Referring to the Bush Tax Cuts and economic policies during the Bush years, on October 16, 2012 during the second Presidential debate, Obama said, “That’s what took us from surplus to deficits.”

Less than a year ago, House Minority Leader Nancy Pelosi said, “the Republican failed economic policies of President George Bush took us to a financial meltdown, took us into near depression, took us into deep deficits that we still have to deal with!”

These same Democratic politicians are now professing their undying struggle to save these same tax cuts for the middle class in their continuing saga of class envy of wealthier Americans in our society.

President Obama as a Senator in 2006 made the following statement about what George Bush did as president concerning the debt ceiling.

“The problem is that the way Bush has done it in the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion from the first 42 presidents. No. 43 added $4 trillion by his lonesome. So we now have over $9 trillion of debt that we are  going to have to pay back. $30,000 for every man woman and child. That’s  irresponsible, that’s unpatriotic.”

Now President Obama has requested, unpatriotically we must presume, to allow his administration to be given carte blanche to raise the debt ceiling (now at $16.4T, $64,667 for every man woman and child) at his whim, without the advice and consent of Congress.

What Democratic hypocrites and those Republicans who agree with them, because government’s deficit spending will not cease until Congress and the president have the backbone to stop spending money that they are stealing from America’s future generations.

 

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13 Comments

  1. Oh Ted, if only that were true. Go look at what really constitutes the vast majority of the federal debt. Tax cuts for the wealthy and 2 wars. So for you to blatantly lie and assert that President Obama has been given carte blanche to spend at will is ridiculous.

    Spending has actually slowed under the current administration. It is actually at it’s lowest level in decades.

    I always wonder where people like you were when the previous administration was whipping out the credit card.

    • Ted Biondo

      Todd A, I was complaining about Bush’s spending as much as Obama’s spending which is twice the rate of Bush’s spending. Bush was a RINO when it cam to spending – “Medicare Drugs is just one example, and one of the wars was necessary to defend against another 911.

      As far as Obama’s wanting carte blanche to spend at will is exactly what he said with regard to the debt ceiling in the fiscal cliff negotiations. Go read a paper someplace!

  2. Another thing Ted. You assert that Obama and the democrats have flip flopped. I suppose that is partially true but why not hold the republicans feet to the fire for their flip flopping? After all “Obamacare” was a republican idea that they championed a decade ago but for some reason not a single GOP legislator voted for it.

  3. Ted,

    You hit the nail on the head. Democrats for the past decade have said that it was the Bush tax cuts that led to high deficits and some even say led to the 2008-09 recession.

    When Bush was in the White House and the GOP controlled both houses of Congress, they prepared budgets, with those tax cuts and the cost of two wars, that led to decreasing deficits, whcih got down to $161 billion in 2007. Sadly, that progress was stopped by the democartic mortgage bubble imploding.

    Todd,

    “Spending has actually slowed under the current administration. It is actually at it’s lowest level in decades.” – Save that statement for the spring and fertilize your garden with it. Spending was under $3 Trillion in 2008, Bush’s last full year as president and now is over $3.6 Trillion. The difference between the spending under the Bush Administration and the Obama Administration is that as a % of GDP, the true measure of gov’t spending, gov’t spending is at a post WW2 high under Obama.

    Also, the tax cuts were for ALL INCOME TAX payers, not just the wealthy. I find it ironic that the Left screamed for the deacde that the Bush tax cuts were all evil, but now want them extended for 98% of income tax payers.

    Like Ted, I was not happy with the deficits nor the debt, but the deficits were dec reasing until the housing bubble. Obama has added more debt in less than 4 years, than Bush did in 8.

  4. shawnnews

    http://www.realclearpolitics.com/video/2011/04/14/obama_2006_debt_ceiling_vote_was_political.html
    Ted is right that Democrats like Obama were for not raising the debt ceiling in 2006 as we can see in this video. However, all that shows is that when Republicans want to raise the debt ceiling they think it is proper and the Democrats oppose it — and vice versa.
    Howeverm, if Obama wants to use the Bush tax cuts as negotiating leverage, even though he wouldn’t be for them, that would be his compromise. To say he isn’t giving anything or that the Democrats aren’t budging is false. The Bush tax cuts which account for much of our deficit were supposed to expire and always get extended.
    Also the idea that Obama added more debt in the last four years than Bush did in eight is false.
    http://www.politifact.com/wisconsin/statements/2012/sep/12/reid-ribble/president-obama-built-nations-16-trillion-debt-gop/

    • Ted Biondo

      Shawnnews, this is all about politics. I don’t think either party gives a damn at the federal level about Americans anymore!

  5. On a related note, the fiscal cliff isn’t the only thing to worry about:

    Government Dependents Outnumber Those With Private Sector Jobs In 11 U.S. States

    In 11 different U.S. states, the number of government dependents exceeds the number of private sector workers. This list of states includes some of the biggest states in the country: California, New York, Illinois, Ohio, Maine, Kentucky, South Carolina, Mississippi, Alabama, New Mexico and Hawaii. It is interesting to note that seven of those states were won by Barack Obama on election night. In California, there are 139 “takers” for every 100 private sector workers. That is crazy! The American people have become absolutely addicted to government money, and it gets worse with each passing year. If you can believe it, entitlements accounted for 62 percent of all federal spending in fiscal year 2012. It would be one thing if we could afford all of this spending, but unfortunately we simply cannot. We are drowning in debt, and we are stealing more than a hundred million more dollars from future generations with each passing hour. No bank robber in history can match that kind of theft.

    Yes, we will always need a safety net. There are many people out there that simply cannot take care of themselves. We certainly don’t want to see anyone sleeping in the streets or starving to death.

    But if the number of people jumping on to the safety net continues to grow at the current pace, the net will break and it will not be available for any of us.

    For example, the number of Americans on food stamps grew from about 17 million in 2000 to more than 47 million today. It nearly tripled in just 12 years.

    What will happen if it nearly triples again over the next 12 years?

    Read more at: http://theeconomiccollapseblog.com/archives/the-number-of-people-on-welfare-exceeds-the-number-of-people-with-jobs-in-11-states

  6. shawnnews

    I understand your complaint. I really believe they want to win news cycles by issuing tough talk like “standing firm” or “upholding principle” when what they should be doing in accomplishing tasks. If they were locked in congress without food I wonder how long party factions would last.
    I see political parties as clubs. Sometimes their interests overlap mine or I agree but they are clubs. Like unions, churches and interest groups they have an agenda to push for on on their members.
    Happy new year, Ted.

  7. FYI, the politicians, and government employees are getting a raise.

    Obama Orders Pay Raise For Congress, Federal Workers, Joe Biden
    http://www.huffingtonpost.com/2012/12/28/obama-pay-raise-congress_n_2377714.html?utm_hp_ref=politics

  8. Sign THIS petition, in protest:

    Restrict pay for all Senators and Congress to $75,000 for a period of 3 years to repay the National deficit.

    Restrict pay for Senators and Congress to $75,000 for a period of 3 years to repay the National deficit. Report all Senators and members of Congress who do not support this so voters will know who supports the American people for re-election purposes.

    https://petitions.whitehouse.gov/petition/restrict-pay-all-senators-and-congress-75000-period-3-years-repay-national-deficit/L3cRmtq6

  9. The point is that just because debt has risen during Obama’s term it doesn’t mean he is the cause of it. The largest increase in the federal budget occured during the first year of Obama’s term. Guess who was responsible for that budget, Hint, it wasn’t Obama. A president doesn’t come in and start with a clean slate, many things are appropriated and dictated by law. Therefore they MUST be included in new budgets by the guy in office at the time whether or not he initiated them.

    Also, the tax breaks and the wars are the largest portion of the debt incured in the last decade. Almost all of Obama’s spending has been temporary while Bush’s will go on and continue costing us forever.

    I tried to explain it in terms most people could understand so I will try again: If a CEO of a corporation enters into an agreement and signs a contract to buy $1 million worth of toilet paper for the next twenty years and is then terminated a year later his company is stil on the hook to spend $1 million per year for the next 19 years. That is what happened to Obama. All kinds of programs were enacted and have become law that he is legally bound to fund.

    The facts are that new spending initiated during Obama’s first term is less than the spending initiated by Bush.

  10. Actually, it does. The Democrats took control of the House and Senate on Jan. 3, 2007. As a result, Barney Frank and Chris Dodd took over the Senate Banking Committee, which then encouraged banks to grant billions of dollars in highly questionable mortgage loans that eventually led to the disastrous economic collapse 15 months later. Then-Sen. Obama also helped cover for Freddie Mac and Fannie Mae, until the sub-prime mortgage mess imploded.

    The record shows that, President Bush, citing the risk to national security, asked the Democrats on 17 separate occasions to stop the Fannie Mae and Freddie Mac home-mortgage lending frenzy.

    In 2009, Obama was responsible for $140 billion in stimulus spending, that should not be charged against Pres. Bush. Also, a number of other spending items President Obama signed into law on the President, particularly those from the $410 billion H.R. 1105, the Omnibus Appropriations Act, 2009. This Act, signed into law by President Obama on March 11, 2009, included the following:

    Five billion dollars worth of earmarks added by Members of Congress.
    A funding increase of $8.5 billion in the Labor-HHS-Education portion of the law, excluding emergency appropriations.
    A $31 billion increase in nine bills funding various federal agencies over FY 2008, as totaled by the U.S. Conference of Mayor.

    Read more at: http://hotair.com/greenroom/archives/2012/05/23/correcting-obamas-spending-record-again/

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