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There is an interesting article over at HuffPost about how the extended Bush tax cuts have resulted in a loss of $11.6 million per hour in tax revenues for our country. Check it out:   Cost of Bush Tax Cuts

Teapublicans in Congress have blocked any attempt to raise revenues during these tough times 'cuz Grover will slap 'em down if they allow the rich to be taxed.  All of the Teapublican candidates constantly claim President Obama is "running up the debt."

Well stick this in their faces:

National Debt Increased by 75% under Bush:

2001 - $5.871 trillion
2008 - $10.640 trillion

National Debt Increased 25% Under Obama:

Jan 31st 2009 = $10.569-trillion
Jan 31st 2011 = $14.131-trillion

But of the $3.56-trillion increase, 98% was carry over from Bush programs:

Bush: $910-billion = Interest on Debt 2009/2011
Bush: $360-billion = Iraq War Spending 2009/2011
Bush: $319-billion = TARP/Bailout Balance from 2008 (as of May 2010)
Bush: $419-billion = Bush Recession Caused Drop in taxes
Bush: $190-billion = Bush Medicare Drug Program 2009/2011
Bush: $211-billion = Bush Medicare Part-D 2009/2011
Bush: $771-billion = Bush Tax Cuts 2009/2011

Bush's contribution:

2001 to 2008: $4.769-trillion
2009 to 2010: $3.181-trillion

Total: $7.950-trillion

Increase Since 2001 = $14.131 - $5.871 = $8.26-trillion

Bush's contribution: $7.950-trillion / $8.26-trillion = 96%

Increase caused By Bush's Programs: 96%
Increase caused by Obama's Programs: 4%

Considering the help for the auto companies that has kept millions employed plus a modest stimulus program.... the statistics again prove Democrats to be much better managers of the people's money.  (Like - duh - we knew that but have to keep constantly reminding the opposition of how badly they handle the public funds.)  Anyway - I just wanted to share that info with you all - comments?

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Comment Preferences

  •  Tip Jar (14+ / 0-)

    "Two things are infinite: the universe and human stupidity; and I'm not sure about the universe." A. Einstein

    by moose67 on Sat Oct 15, 2011 at 10:10:39 AM PDT

  •  Excellent information (1+ / 0-)
    Recommended by:
    DEMonrat ankle biter

    Thanks!

    In our sleep, pain which cannot forget falls drop by drop upon the heart until, in our own despair, comes wisdom through the awful grace of God ~RFK

    by vcmvo2 on Sat Oct 15, 2011 at 10:15:23 AM PDT

  •  #ows Reality!! (2+ / 0-)
    Recommended by:
    moose67, donnamarie

    CCR:"If you're a torturer, be careful in your travel plans. It's a slow process for accountability, but we keep going."

    by jimstaro on Sat Oct 15, 2011 at 10:31:36 AM PDT

    •  As To Feeding the media needs (1+ / 0-)
      Recommended by:
      moose67

      To Demands {by the way they really should have been listening as the corporate baggers were stating theirs they didn't make a lick of sense}, Funding, Whatever:

      The Demands are each individuals reasons for participating, those demands intertwine with the others around or far away, the reasons are in the posters, in the posts from, in speaking with each, That's Grassroots Activism not media needed lists to tear apart!!!!!!!

      CCR:"If you're a torturer, be careful in your travel plans. It's a slow process for accountability, but we keep going."

      by jimstaro on Sat Oct 15, 2011 at 10:33:44 AM PDT

      [ Parent ]

      •  Yup - we really can't count on the traditional (1+ / 0-)
        Recommended by:
        jan4insight

        media to get the message out - we have to do it ourselves by non-traditional means.  We need to hit the opposition hard about all the lies they and their paid pundits tell the public, whether it be about the fantastic revolution sweeping the world or the details about the prior administration's mismanagement of everything.  

        "Two things are infinite: the universe and human stupidity; and I'm not sure about the universe." A. Einstein

        by moose67 on Sat Oct 15, 2011 at 10:41:19 AM PDT

        [ Parent ]

  •  Really Nice Summation.... (1+ / 0-)
    Recommended by:
    moose67

    I'm hanging on to this one.  It will come in handy during my M-F calls to Republican offices in DC.  I consider it my civic  duty....plus it's just plain essential to touch bases w/ the corporate minions.

    Ditto for Democratic offices in DC....including Senator Jon Tester who just voted against the American Jobs Act.  His two top contributors are Chase & VISA.  There was no way that was not going to be mentioned.  

  •  I've been looking for those Stats! (0+ / 0-)

    thanks moose67


    What is necessary to change a person is to change his awareness of himself.
    -- Maslow ...... my list.

    by jamess on Sat Oct 15, 2011 at 01:07:15 PM PDT

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