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Here's a little blast from our not-so-recent past that should be trotted out the next time one encounters a Republican pontificating about the economy and sound budgets:

WaPo, Feb 5, 2007

Bush Budget Projects A Surplus by 2012
Democrats Say Plan Would Grow Debt

The budget that President Bush will submit to Congress today shows the federal deficit falling in each of the next four years and would produce a $61 billion surplus in 2012, administration officials said. But to get there, Bush is counting on strong economic growth, diminishing costs in the Iraq war and tight domestic spending to offset the cost of his tax cuts.

Democrats yesterday criticized the five-year budget plan as overly optimistic, and predicted that extending the tax cuts past their 2010 expiration date would dig the nation deeper into debt rather than produce a budget surplus. Republicans countered that the tax cuts are critical to maintaining a healthy economy and that a balanced budget is not possible without them.

Refresh my memory: how many Republican Reps/Senators criticized this budget as unrealistic, unworkable, and based on unsound economics? I believe the answer is "none, of course".

Originally posted to SantaFeMarie on Mon Feb 16, 2009 at 08:57 PM PST.

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Comment Preferences

  •  "Maintaining a Healthy Economy" (3+ / 0-)
    Recommended by:
    linkage, ChocolateChris, Hill Jill

    there has to be a word that applies..Droll, Sangfroid..something..I want to laugh but I can't. The collapse is global..thankyou George.

    Think Tank. "A place where people are paid to think by the makers of tanks" Naomi Klein.

    by ohcanada on Mon Feb 16, 2009 at 09:05:26 PM PST

  •  Fiscal responsibility is fine so long as (2+ / 0-)
    Recommended by:
    linkage, ChocolateChris

    The tax is not a drag on the economy and so long as there is a suitable amount of WAGE PUSH inflation.

    If FICA tax rates are cut while removing the cap and taxes on incomes in excess of 150K or increased and even another couple of brackets above that, then we will be reviving the economy very quickly.  Capital gains tax rates need to be raised also but not so much as taxes on other income.

    We also need taxes on petroleum and coal and a mild tax on imports.  It matters WHAT is taxed and WHO is taxed.  The binary brain dead Republican "taxes are bad" mentality has to go.

    The lower incomes have already received some tax relief in the recovery bill.  We need more of that and more increases at the top.  "Trickle down" does not work and never has worked.

    "I know no safe depository for the ultimate power of society but the people themselves" -- Jefferson

    by TheTrucker on Mon Feb 16, 2009 at 09:06:51 PM PST

  •  Kudos to you for digging this up n/t (4+ / 0-)
  •  Should find those WMDs about then, too (0+ / 0-)

    keep this around, it'll be good to drag out in 2010 and 2012, along with a few other GOP quotes.

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