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[quote=Anonymous][quote=jsteele][quote=Anonymous][quote=Anonymous]
We have been running for a decade under the Bush Stimulus plan, and we STILL are.  Have you forgotten that's what his tax cuts were supposed to be?  Did THAT work?  Nope.http://www.csmonitor.com/2003/0523/p01s01-usec.html[/quote]

actually, yes, it did.  or did you miss most of the 2000s decade?

But hey, if you want to pay an extra 5-10% in taxes, I encourage you to:

Make your checks payable to US Treasury.

Mail them to:

IRS
PO Box 970011
St. Louis, MO 63197-0011[/quote]

[img]http://www.redstate.com/bs/files/2010/01/blame_bush.jpg[/img]

I remember the 2000s, but your memory seems a bit clouded. I remember the decade beginning under the leadership of President Clinton. At that time, tax rates were higher than they are now. The economy was booming and the country had budget surpluses. In fact, when Clinton left office, budget surpluses were at record high levels.

Then, George W. Bush happened. He cut taxes and the surpluses disappeared. Instead of record budget surpluses, we had record budget deficits. The economy crashed. When Bush left office, the auto industry was near collapse, the banking industry was near collapse, and the country faced an economic recession.

That was the 2000s, a time when a Republican president took record budget surpluses, turned them into record budget deficits, and watched as two major industries neared collapse.

I don't think most people understand just how devastating the Bush tax cuts have been. In terms of adding to the national debt, they have added twice as much as the wars in Iraq and Afghanistan combined. They have added twice as much as all the stimulus spending during the Obama administration combined. In fact, [b]the Bush tax cuts have contributed more to the debt than the two wars and Obama stimulus combined[/b]. The Bush tax cuts are still in effect. Whatever positive benefits those cuts were supposed to have produced have not materialized. Yet, Republicans want even more cuts.

To address the debt, we can increase revenues or cut spending. Cutting spending will increase unemployment and slow economic growth. Revenue can be raised either by increasing taxes or expanding the tax base or both. Higher taxes certainly didn't harm economic growth while Clinton was president, so returning to those rates is probably not a bad idea. But, increased government spending -- particularly the type of spending that puts people to work, rather than tax cuts -- will expand the tax base and is the most sensible policy.
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