If we hadn't invaded Iraq with no plan and for a lie, we'd have $300bn extra to pay for all these hurricanes. But noooooo.... President Spend-a-Lot decided to blow all of our massive budget surplus on tax cuts and unnecessary wars. So now we don't have a penny. And anybody who says "no, this is all because of 9/11," bullshit. Bush's tax cuts cost us more money in 2004 than we even need to pay for Katrina - they're costing us $300bn in 2004 alone.
The three rounds of tax-cut legislation (in 2001, 2002, and 2003) account for a substantial share of the nation’s current deficit.Yes, Congress' own numbers say that Bush's tax cuts cost us almost $300bn in 2004. We need $200bn or so for the hurricane. You do the math. Iraq cost us $300bn. You do the math. It is ridiculous what this man has done to our country.
* The tax cuts would reduce revenues by $276 billion in 2004, according to Joint Committee on Taxation estimates. Further, the interest costs associated with the enacted tax cuts would equal $20 billion, using Congressional Budget Office assumptions. The total cost would therefore be $297 billion, or 2.6 percent of the economy (or GDP).
As my friend Brett diResta now says, Bush is a "credit card Republican." The Dems ought to be all over this issue.
