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As you know, under the leadership of George W. Bush, these same Republicans turned a record-breaking federal surplus left by President Clinton into record-breaking deficits. Back then, their rallying cry was "deficits don't matter" articulated by then-Vice President Dick Cheney. This "deficits don't matter" philosophy gave us two wars that were not paid for -- and there are estimates that the Iraq War alone will end up costing some $3 trillion, $700 billion in tax breaks to the richest one percent, a $400 billion unpaid for prescription drug program written by the pharmaceutical industry, and a $700 billion bailout of Wall Street.
But under President Obama, Republicans have seemingly taken a 180-degree turn. Now, apparently, deficits do matter. Now, they say we can't afford to extend unemployment insurance to two million Americans who lost their jobs in the worst recession in modern history. And, they say we can't create new jobs by rebuilding our crumbling infrastructure or transforming our energy system.
And the Republican hypocrisy is about to advance to a whole new level. In the name of "fiscal responsibility" they are opposing virtually every effort to help the middle class and working families of our country. But, when it comes to the needs of millionaire and billionaire families, they have no problem reducing revenue by hundreds of billions of dollars. In other words, they are deficit hawks when it comes to the needs of ordinary people, but they are big spenders when it comes to the needs of the rich.
I do believe the op is stating the fact that the Republican party was just fine with the deficit rising at an alarming rate under the previous administration but, as soon as the Dems took control they began screaming about it rising.
So how about it? Do Republicans have an answer for that?
How come it didn't matter & now it does?
I do believe the op is stating the fact that the Republican party was just fine with the deficit rising at an alarming rate under the previous administration but, as soon as the Dems took control they began screaming about it rising.
So how about it? Do Republicans have an answer for that?
How come it didn't matter & now it does?
Bush was a piker compared to Obama. The deficit spending is exponentially worse now.
Though to be fair, the worst deficit spending took place under the legislative actions of a Dem-controlled Congress, from 2007 on.
Bush tried to impersonate a democrate and sign as many spending bills that crossed his desk. He didn't care if it was funded or not. Remember the medicaid spending plan? Not even funded. It was bad then, it's bad now. YOu've heard the joke. What's the difference in Democrats and Republicans? They both spend like crazy but the Republicans will just tell you how bad they feel doing it.
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