Originally Posted by SafetyBlitz
Actually GDP dropped both times and caught back up to what it was before, only now, the government has added more debt because the gap in time from we cut revenue to when we gained back to where we were was all borrowed.
I agree with Romney's close loopholes and lower rates, but that doesn't address the deficit. We need to raise revenue, not just remain neutral in revenue. If you wanted Iraq and Afghanistan, you have to pay for them. Bush I paid for the first Persian Gulf war. Bush II lowered taxes and spent more in the long run, because he was there longer because he tried to do it with 1/3 of the amount of troops and install a democracy.
So for all of you that voted Republican for the last decade, if you're going to call yourself fiscally responsible, than pay more taxes now for the wars + lower tax rates you voted for then.
Its amazing how many voters fail to understand or even acknowledge this. In fact, I would argue that many voters on the right see this as some liberal talking point.
One of the great magic acts in politics was performed by the republicans, and their backers, when they mapped out a routine for winning back power during the weeks leading up to the election in 2008. They understood that it was going to be a democratic win in 2008 so they hatched a brilliant idea; lets call out the liberals for excessive spending before
Obama even takes office. I will never forget watching Hannity during Obama's election parade blasting the president over how much money the parade cost. The talking points were handed down and already being inculcated.
Of course, the reality at the time was exactly as you described it in your last paragraph above. The idea that the public now swallows the bed time story that republicans, in many
cases the same politicians that rubber stamped spending during the bush years, will now be fiscal conservatives speaks to the stupidity of the average voter.