Chart of the Moment: Bush Tax Cuts, Wars Largest Cause (By Far) of Ballooning Federal Debt

4 Comments on “Chart of the Moment: Bush Tax Cuts, Wars Largest Cause (By Far) of Ballooning Federal Debt”

1. I have many many questions.
   But none will make a difference until officials and banksters see jail cells.

2. There is a word for it: wartocracy.

3. Links from Geo Washington’s post on ZeroHedge http://www.zerohedge.com/article/are-our-leaders-really-incompetent-or-just-pretending:

   http://web.archive.org/web/20070215072719/http://www.truthout.org/cgi-bin/artman/exec/view.cgi/58/18650
   (note the date: Monday 27 March 2006)
   “Keeping our attention on Iraq has allowed this administration to do what it came to do under cover of darkness. They have managed to eviscerate dozens of federal regulations designed to make sure our children aren’t born with gills or seventeen eyes thanks to the pollution in the air, water and food. The Clean Air Act is pretty much gone now, as are requirements for food safety labeling. GOP “pension reform” means growing old in America amounts to growing poor, just like in the good old days of the Depression. Millions of elderly people have been fed to the wolves by way of the new Medicare Plan D calamity. There are now tens of millions more poor people in America, the middle class is evaporating, but top incomes are up 497% according to the Federal Reserve.
   The administration has also used Iraq to accomplish a goal the GOP has been pining for since 1934. Since the advent of FDR and the creation of federally-funded safety nets for the neediest Americans, the Goldwater wing of the Republican party has been lusting after an opportunity to savage the government’s ability to serve its citizens in this fashion. Their argument has been that it cost too much to do this, required too much taxation, and was harmful to business interests.”

   http://www.gregpalast.com/bush-didnt-bungle-iraq-you-fools/

4. Too little butter in the budget, too much war fat.

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