Tax revenues plummetted after the Bush 2008 recession. Big deficits followed in 2009.

Author: bbkingfish (1594 Posts - Joined: Aug 15, 2014)
Posted at 6:00 pm on Jan 11, 2017

Just like in 2001, it took Bush a whole year to blow up the the surpluses achieved under Clinton...he didn't even take over until 2001, so he couldn't fuck things up quickly enough to produced a deficit in 2001...he didn't have a whole year to work with. By 2002, the admin was really underway and we got rid of those surpluses once and for all. After all, Bush and the GOP didn't want to pay down the debt...they wanted to lower taxes for the wealthy.

I'm surprised I have to explain all this to you. don't you read the papers?


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