ThinkProgress » During Bush Presidency, Current GOP Leaders Voted 19 Times To Increase Debt Limit By $4 Trillion
[W]hile the four Republicans in Congressional leadership positions are attempting to hold the increase hostage now, they combined to vote for a debt limit increase 19 times during the presidency of George W. Bush. In doing so, they increased the debt limit by nearly $4 trillion.
ThinkProgress » During Bush Presidency, Current GOP Leaders Voted 19 Times To Increase Debt Limit By $4 Trillion
ThinkProgress » FLASHBACK: In 2001 Address, Bush Said The National Debt Would Be Paid Off In Ten Years
DUHbya said: “At the end of those 10 years, we will have paid down all the debt that is available to retire. That is more debt repaid more quickly than has ever been repaid by any nation at any time in history.” [liar-idiot]
Of course, the opposite occurred, with debt held by the public increasing from $3.5 trillion to nearly $6 trillion and gross federal debt going from $5.6 trillion to nearly $10 trillion. In fact, conservatives argued in 2001 that the very existence of a budget surplus was a valid reason to enact large, regressive tax cuts. But this is precisely what happens when you have an administration that believes “deficits don’t matter.”
ThinkProgress » FLASHBACK: In 2001 Address, Bush Said The National Debt Would Be Paid Off In Ten Years
ThinkProgress » 12 Tax-Dodging Corporations Spent $1 Billion To Influence Washington Over The Last Decade
A new report by Public Campaign examines how these major corporations have influenced Congress to craft a tax code that lets them get away with making so much money and paying so little taxes in return. In its report, “The Artful Dodgers,” Public Campaign juxtaposes the limited tax liability of dozen major corporations with the companies’ campaign contributions and lobbying expenditures, which amount to more than a billion dollars over the last decade: [read the list at the following link]
ThinkProgress » 12 Tax-Dodging Corporations Spent $1 Billion To Influence Washington Over The Last Decade