The fiscal irresponsibility of the GOP during the Bush years made Reagan look like a real economic genius. Everything else remaining equal, there has never been a time in our history where during wartime, taxes weren’t raised to pay for the military expenditures. World War 2 had a lot to do with getting us out permanently from the Great Depressions sinkhole because it called for huge manufacturing output and tax increases. The two combined finished the job that F.D.R had started with all government programs. Not only did Bush’s administration decide to take the surpluses from the Clinton administration and give it back to the people but two wars were launched as well. And we wonder how the deficits got to be where they are. The GOP legacy of yesteryear when there was some semblance of economic sense has been destroyed by the Bush lessons and completely stomped on by the tea party politicians. I don’t see the GOP redeeming itself any time soon.
Read the Article at HuffingtonPost
Before They Left Town, Did House Republicans Change the Rules of the Tax-cutting Game?
26 Monday Dec 2011