SAource: Daily Kos
Bruce Bartlett was on Hardball today. If you missed his appearance it was simply amazing.
He destroyed every Republican fiscal talking point in 5 minutes.
Transcript.
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CM: Bruce Bartlett is former Deputy Assistant Treasury Secretary under the first George Bush and a policy adviser to Ronald Reagan. Bottom line, let's look at the numbers right now. We've got a chart coming up. This shows the Bush tax cuts were responsible for increasing the debts. Now, we have about a $14 trillion debt right now, half came out since the turn of the century, and more than 40% of that has been from tax cuts.
BB: That's right. When Bush took office, we had a debt of about $6 trillion. The projections from the CBO were that we were going to run a $6 trillion surplus. By this point, if we had done nothing, we would have paid off the dead debt, but we added about $3 trillion of tax cuts. We lost about $3 trillion of revenue because of the slower economy and added about $6 trillion of spending, largely due to two unfinished wars and a Medicare drug benefits and a lot of other things. So, instead of getting -- paying off the debt--we ended up with about a $14 trillion debt.
CM: Some of these clowns, not all of them, running around saying Barack Obama is a Socialist, he drove up the national debt to $14 trillion and dance around in a circle and congratulate each other. That's not true.
BB: No, i think the dirty secret is that Obama is a moderate conservative. If I were a liberal democrat, I probably would be upset.
More at:
http://www.dailykos.com/story/2011/07/28/999759/-Hardball:-Bruce-Bartlett-desroys-every-Republican-fiscal-talking-point-in-5-minutes-?via=sidebyuserrec