Paul Ryan and GOP fiscal hypocrisy

The government was taking in too much revenue yet we were in still 10 trillion dollars in debt when they passed out the tax cuts. math.....ain't it a bitch.

 

You conveniently failed to mention how the economy began to slow rapidly toward the end of Clinton's last term and after only 2 months in office, before Bush's policies had a chance to have an affect on the economy, the nation went into a recession. You also failed to mention the dot com bubble and 9/11 attack. Despite these major obstacles facing the economy the recession ended in 8 months and revenue increased at a healthy rate from 2002 through 2007. Revenue was not the problem during Bush's term. Spending was the problem and it's much worse under Obama.

 

If Washington had continued the fiscal discipline excercised in the 90s government surpluses would have been terrible. They would have needlessly reipped additional money out of the economy. The problem was never the tax cuts. The problem has been, and continues to be the spending increases. Bush was a terible spender, but Obama makes him look thrifty.

 

No it isn't. This is entirely wrong.

A balanced budget (where revenues and expenditures are equal) will result in a paid off debt when debt and interest payments are treated as budgetary line items.

 

It is easy to say revenue isn't the problem when you've just forfeited almost 3 trillion in revenues for no good reason.

 

You really have no idea what you are talking about do you? Were you stoned in the nineties and missed the part where unemployment was incredibly low and we had budget surpluses and were paying down the national debt?

 

that whole math thing keeps getting the way for them. calculators must be a point of vast frustration and angst