10 Things the GOP Doesn't Want You to Know About the Debt

This article is by Perrspectives:

Just two weeks after he seconded Treasury Secretary Tim Geithner's dire warnings about the August 2 deadline to raise the U.S debt ceiling, House Majority Leader Eric Cantor walked out of the budget talks aimed at reaching a bipartisan compromise over deficit reduction. Like Arizona GOP Senator Jon Kyl, Cantor shifted the burden to Speaker John Boehner, Senate Minority Mitch McConnell and President Obama to "get over this impasse on taxes."

For his part, McConnell promised that no deal to end the GOP's hostage taking of the U.S. economy will include tax hikes. But while McConnell boasted that "If they couldn't raise taxes when they owned the government, you know they can't get it done now," left unsaid was the inconvenient truth that the nation's mounting debt is largely attributable to wars, a recession and tax policies put in place under his party's watch.

Here, then, are 10 things the GOP doesn't want you to know about the debt:

1. Republican Leaders Agree U.S. Default Would Be a "Financial Disaster"
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn't Pay for Themselves or Spur "Job Creators"
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling - Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid

At the link, the author gives the details about each of the 10 points.

Continue: http://www.perrspectives.com/blog/archives/002215.htm

what radical economic asshats the republicon 'conservatives' proved to be...

Bush doubled what Reagan had tripled.

Doubling a triple

But the most important thing is that the rich got their tax cuts.

...what were the Soviets?

:mad:

Really :thumbsup:

unfortunately.

expose these fugging ReTHUGS

12. We must raise taxes, lowering them will only make things worse.