Quote:
Originally Posted by Jim in CT
But NOT because tax dollars collected are down. It's because spending has skyrocketed. It's irrefytable fact that afetr Bush lowered tax rates, he set records for tax dollars collected. The problem is that he spent too much...actually, the problem wasn't even that he spent too much, the problem was (1) the democrats decided that it was unfair for banks to only give mortgages to people who had some hope of paying them back, and (2) the financial markets had these crazy schemes to bundle and sell those crappy mortgages.
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I'm not too sure on the exact numbers, but I wonder if fighting two wars had anything to do with it. As the principle driving force to go to war, those costs are on him.