Deficit sees another sharp drop

Discussion in 'Budget & Taxes' started by Iriemon, Oct 9, 2014.

  1. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    Other than for going full Reagan by modestly cutting taxes but significantly increasing spending, I'm not sure why people blame Bush for the '08 crisis. The factors that led to it have existed for a rather long time - perhaps you can enlighten me.
     
  2. Iriemon

    Iriemon Well-Known Member Past Donor

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    For the borrow and spend crowd, that's true.

    For those invested in failure for political purposes, that's true.
     
  3. Steady Pie

    Steady Pie Well-Known Member Past Donor

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    I'm a non-borrowing, non-spending dynamo!

    My position sees consequences as irrelevant, it's none of my concern if government programs function as intended or not.
     
  4. FreshAir

    FreshAir Well-Known Member Past Donor

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    foreign outsourcing hit at the same time as Bush was trying his trickle down economics plan... it was a double wammy

    Bush also banned the declaring bk on unsecured dept, making lenders lend to people that should never of been allowed the lines of credit
     
  5. Phoebe Bump

    Phoebe Bump New Member

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    The number of ways in which a deficit can trend is severely limited. It can either go up, down, or sideways. Which do you prefer?
     

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