posted on Aug, 30 2010 @ 04:44 PM
Originally posted by poet1b
We have ten trillion plus in debt created by republicans, in order to finance their free market, steal from the poor schemes, and now that the economy
has fallen, as predicted, they refuse to do anything to encourage small business.
When Bush took office the national debt was $4 trillion from the Clinton years. When he left office it was $10 trillion, which means he added $6
trillion. Obama has added $4 trillion already, and thats not counting the trillions the Fed has spent at his request.
My point is that Bush spent way too much and Obama is spending even more. Bush was bad, Obama is worse. Republicans lost their small govt, low
spending ways under Bush and spent like liberals. No offense to liberals out there, but its always been a distinction..... Republicans are supposed
to be for small govt, liberals want bigger govt that takes a more active roll.
Regarding this bill in the Senate, I would need to see what the actual details are. Bills regularly sit in committee for months. So I'd need to see
if this bill has been there longer than normal, and if so what the Republican objections are. I'd need to see what the bill actually says. What are
the details of the tax cuts? Who gets them? What does a business need to do to get them? Are they targeted just to industries Obama likes or is it
for every small business? How are they paying for it, with corresponding spending cuts or new taxes on another source? You have to remember, Obama
is a politician also, so you can't just take what he says, minus the details and then flip out.
[edit on 30-8-2010 by johnny2127]