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#21
Old 10-05-2012, 06:29 PM
RajahBell
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Quote:
Originally Posted by Nodogoshi View Post
I know you're just a gimmick poster, but as far as the economy being better off; the Bush tax cuts in conjunction with the unfunded wars devastated the economy, as economists at the time said they would.

However, the policies of military Keynesianism may very well have propped up the economy for a time, prior to the collapse.
Also, the Bush Tax cuts grew the deficit. Since the economy is cyclical, when the economy is growing more revenue and at recession less revenue for the government to pay down the debt. It's Arithmetic.

The Bush Tax cuts and the wars are estimated to account for nearly half of the deficit by 2019.
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