inconvenient truths

Crooks and Liars: …. House Republicans swaggered into the White House Wednesday for the latest negotiation to end their economic hostage taking. One, Rep. Jeff Landry of Louisiana, refused to attend and be “lectured to by a president whose failed policies have put our children and grandchildren in a huge burden of debt.”

Sadly for Rep. Landry, the nation’s mounting debt is largely attributable to wars, a recession and tax policies President Obama inherited from his predecessor. Worse still, the Ryan 2012 budget proposal backed by almost every Republican in both houses of Congress would not only drain another $4 trillion in tax revenue from the Treasury, but fail all of the spending and balanced budget targets they themselves propose. Nevertheless, Republicans who voted seven times to double the debt ceiling under George W. Bush would risk the national economic suicide they admit would come to pass if their demands are not met.

Here, then, are 10 Inconvenient Truths About the Debt Ceiling:

1. Republican Leaders Agree U.S. Default Would Be a “Financial Disaster”
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
5. Federal Taxes Are Now at a 60 Year Low
6. Bush Tax Cuts Didn’t Pay for Themselves or Spur “Job Creators”
7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
8. Ryan Budget Will Require Raising Debt Ceiling – Repeatedly
9. Tax Cuts Drive the Next Decade of Debt
10. $3 Trillion Tab for Unfunded Wars Remains Unpaid

More here


8 Responses to “inconvenient truths”

  1. 1 Dorothy Rissman
    June 2, 2011 at 6:18 pm

    Damn girl, you are smokin. It is wonderful all of the info you bring each day. Of course Jovie is also a powerhouse when it comes to finding info to share. It seems the site is really grow chips. I am so happy for everyone. dr

  2. 2 meta
    June 2, 2011 at 6:29 pm

    BAM! Just like that.

  3. 5 utaustinliberal
    June 2, 2011 at 6:55 pm

    Wow to see the destruction they’ve wrought in print is horrifying. They’re such hypcorites. The massive debt we have began with their guy Good ol’ronnie and his trickle down economics, then Clinton balances the budget 3 times and reduces the debt, then good ol’cowboy dubya doubles the debt to massive proportions with 2 unpaid wars, unpaid tax cuts, and unpaid drug bill and plunging a booming economy into a recession. Then they’re whining about raising the debt ceiling when they’ve done it 7 times! Hypocrisy thy name is GOP.

    • 6 meta
      June 2, 2011 at 7:34 pm

      Unfortunately, St. Ronnie did just about everything to ruin California before he headed to the big house. I really, really, really don’t get the adulation. He’s always seemed like a big overdramatized phony to me.

  4. 7 theo67
    June 2, 2011 at 8:59 pm

    Question: Whenever they call for President Obama to be a one-term president – how come they never talk about Bush I, who was a one-term president?

    • 8 utaustinliberal
      June 2, 2011 at 9:09 pm

      Exactly. They conveniently have amnesia when it comes to that presidency. *sigh*

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