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Sky-High Spending,Not Bush
Tax Cuts, Drives Deficits

Investor's Business Daily, by John Merline

Original Article

Posted By:RustMB, 10/18/2012 9:08:28 AM

President Obama often talks about the need for a "balanced" approach to deficit reduction, by which he means tax hikes in addition to spending cuts. At the recent presidential debate, for example, he said, "We've got to reduce our deficit, but we've got to do it in a balanced way. Asking the wealthy to pay a little bit more along with cuts." The only problem with this approach is that the massive projected deficits over the next 10 years aren't the result of too few taxes. They are entirely the result of too much spending. Here's the proof.

      


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Reply 1 - Posted by: country boy, 10/18/2012 9:24:05 AM     (No. 8942075)

One of the House Rep (think it is John Cornyn) puts out a book on wasteful Washington spending. Giant stuff, hard to believe. Government spent hundreds of thousands building robotic squirrel. (For what??). Government spend huge money designing food which can be eaten on Mars (uh, nobody's ever going to Mars). Spend hundreds of thousands producing a play showing how to deal with Global Warming.

If the Dems are not trying to intentionally destroy the country, surely a good imitation.

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Reply 2 - Posted by: uno, 10/18/2012 10:00:47 AM     (No. 8942204)

Sky-High Spending, looting the Treasury and selling our broke-A soul to China was not a Bush policy!

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Reply 3 - Posted by: enuf8, 10/18/2012 12:01:41 PM     (No. 8942632)

# 1 - Tom Coburn from Oklahoma----places responsibility on Congress. There is no restraint whatsoever on spending by anyone. Heck, to them it's like monopoly money.


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Byline corrected by Staff

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