Bush says "no one to blame for huge deficits ..."

[kentuck]

Saw it on "trailer" of CNN...during one of the news shows this AM..
He says 50% due to 9/11 and 25% due to downturn in the economy...

At the same time they say this was the "mildest" recession in memory? If it is so mild, why is it costing our economy so much?

Obviously, he's trying to say that the "buck stops somewhere else". Anyplace or no place....but not with him. Whistle-ass MF ! :)

(edit- spelling)

[wryter2000]

1. Fuzzy math

Great. Now he thinks 50 + 25 = 100

[rfranklin]

4. Oh no, that 25% is the Bush family's standard cut...

It's understood and does not have to be accounted for under the provisions of their cost plus, no oversite contract.

[Booberdawg]

2. Yup, that and the surplus gone with it

[Maple]

3. No of course no one's to blame

You're just walking along minding your own business one day, when whammo!... out of the blue, just like that...a huge deficit appears for no reason. :eyes:

[Clete]

5. If it's so mild, why is it being compared as

almost as bad as the Great Depression under Hoover?

Also, with all the new security measures after 9-11, it seems to me it should have created more jobs. Instead those jobs can't offset the ones that have been lost due to his economic policies. No spin here Dumbya. We're on to you.

[Cocoa]

6. how magnanimous of him

like when that mugger told me it wasn't my fault, real classy.

[Ellen Forradalom]

7. So much for the party of personal responsibility

These liars make my head hurt.

[jumptheshadow]

8. But aren't they still blaming Bill Clinton?

Wasn't that the Republican chairman on Meet the Press today mouthing the same old excuses about the AWOL administration inheriting a recession?

Will they still say the same thing a year from now -- four years into a Bush administration?

Do these guys ever take responsibility for anything?

[Dudley_DUright]

9. Sorry Bush

Krugman on Friday said that about 60% of the deficit was directly tied to the Bush tax cuts. Now who would you believe on matters economic, Krugman or Bush?

[laura888]

Is this the best "spin" he can do?

he's in trouble

[camero]

10. A question he didn't get asked apparently

Why was there a deficit before 9/11? Was nothing to blame for that?

Most economists still say that the tax cuts were responsible for 25% of the deficit. At least.

[Dudley_DUright]

15. More like 60%!

This is from an article by the highly respected tax expert Bob McIntyre:

The administration takes great pains to deny that the president's tax cuts have caused this looming fiscal disaster. But let's do the arithmetic. Bush's first tax-cut program was estimated to cost $1.6 trillion over this decade, counting interest. His 2002 corporate tax cut plan added $114 billion more over three years. Bush pegs the cost of his latest round of tax cuts at a staggering $1.5 trillion over 10 years -- a big expansion from earlier reports -- to which $370 billion in interest must be added. All told, that comes to $3.5 trillion. In other words, almost two-thirds of the $5.4 trillion in additional debt that Bush's program entails by 2013 comes directly from his manic tax slashing. The weak economy we've come to expect in a Bush presidency explains most of the rest.

http://www.prospect.org/print/V14/3/mcintyre-r.html

[camero]

19. I'm corrected

I thought the rest was with the 12.4% increase in federal spending and the vote-getting tariffs.

[Yupster]

22. This is blaming the tax cut for

the projected extra debt in 2013. This could very well be because the taxes lost from the tax cut will grow each year.

However, no one in their right mind would say that 60 % of the current 2004 defecit is because of the tax cut. The most expensive parts of the tax cut haven't even kicked in yet.

So far about $ 60 billion a year of tax cuts have gone through. The $ 280 billion surplus has become a $ 500 billion defecit. You'd have to be loony to blame the tax cut for most of the current defecit.

The problem with the out year projections is that they change wildly depending on eceonomic growth rate assumptions, and no one can be any good at projecting those.

[Dudley_DUright]

24. I didn't claim that it was 60% of this year's deficit

but the point is that these are long term structural deficits and must be looked at over the course of 10 years, which is what OMB and CBO does.

[Dan]

11. What is unfortunate

Is that DingDong has reallocated the budget surplus in tax cuts to the rich; created a structural deficit into our tax system; and now has not funds to deal with emergencies - on any level.

I want to be so angry, but I don't know what good that would do.

The SCOTUS put into power a man that has been a failure at every thing that he has ever done. Approximately 50% of the voting population wanted this man, because he implied he wouldn't have sex in the WhiteHouse and chose to ignore the history of his personal, business, and political history.

Congress wrote a blank check for an idiot that the vast majority of Americans would probably not allow to have a paper route - and the media (because of media ownership) helped sell the lie or myth of DingDong.

So, tonight, our elected official will now ask other nations to let their children die in a war that the vast majority of Americans supported. I have such a hard time dealing with that, because when I look into the mirror and realize what a mess DingDong has got us into - I still have to ask this question. Why should other nations tha didn't support this stupid war send their children to die because American parents don't want to pay the price for this Administration lies and mistakes?

The VPOTUS company is getting rich stealing everything that doesn't have a guard dog protecting it in Iraq - and refuses to share any information with Congress or the investigating arm of congress about the energy plans of long ago. We are truly a rogue nation - and this administration be damned.

I pray every day that in 2004 this administration is removed from power and subsequently turned over to some international body to pay for their crimes of aggression. I ultimately think that we cannot honestly be a member of the world community again, until Bush and other political leaders that supported this insanity have been put on trial, and forced to endure the rule of law.

I honestly believe that if Bush is elected in 2004 then we will then see the real 'right wing' agenda in all its glory. I suspect that if that occurs then we may even have the beginning seeds of a second civil war here in America, because while honest people may disagree - I don't think that an honest people can support real evil the seems to be the trademark of this Administration.

[laura888]

12. you're right - The U.N. must say "no"

Let America pay for the full price for what they signed up for. that will change things!

[opihimoimoi]

20. Plus the First Idiot is going to ask for $70 Bil more just for the Iraqi

thingy. Oh My, and no monies for the vets and firemen. Fuck that Pub bull shit. Vote Pub and get shit.

[Mel]

13. liar liar his pants are on fire!!

give it up Whistle-Ass Your toast!

[Deja Q]

14. WHAT?! The shithead* has nobody but himself to blame!

The amount of evidence to his incompetence is staggaring!

Giving out gigantic tax cuts, not just twice as I gather he's trying that failed tactic to spur the economy AGAIN, is just the tip of the ice berg!

Bush IS to blame. He can delude himself all he wants. Some of the sheeple wil believe it all, but they're the dregs of society anyway so who cares?

[Cheswick2.0]

16. Whistle-ass MF !

How do we make him take responsibity? How do we get across to people that they are being brainwashed?

[renegade000]

17. what about those tax cuts?

eh?

:eyes:

[spooky3]

18. What recession?

Some businesses are doing just fine...such as Halliburton, yacht dealers, luxury 2nd home builders, etc. Oh right, that's because these are well-managed firms...

[Owl]

21. Bush is indeed a 'Miserable Failure'

I certainly agree with Dick Gephardt on this.

- Owl

[beanball]

23. Not my fault

shit happens,look at me sez Bush.

[Jacobin]

25. When has ANYTHING ever been this fucker's fault?

He's a spoiled baby and blames everyone for anything.

Go back to your pig farm and suffer from herpes you dickwad of a prick pretend president.

[leftofthedial]

26. LIES LIES LIES LIES LIES LIES LIES LIES LIES LIES LIES LIES

If the piece of shit ever told the truth, a black hole would open up and swallow him.

He and his cabal have royally fucked everything they have touched, most especially the US economy. Duh. That's where the money is and they are fucking THIEVES.