Not true. The CBO had projected about a half trillion dollar deficit though 2011 before Bush left office. We're at three times that now. And most of the time between that original projection and now the Dems controlled the House.
6 out of the last 10 largest percentage increases in discretionary outlays came under GOP administrations.
I understand that Obama has really ramped it up, but give me a break! It's not like the DEms "invented" rampant spending.
Granted, I'm not suggesting that the Republicans are in any way models of fiscal responsibility, history clearly shows otherwise. But at this point, does it really matter who got us here?
Considering the amount of bile spewed at the DEMS non-stop by the republicans and conservatives, I'd say it is apparently important to THEM.
But more to the point: RIGHT NOW the GOP is not negotiating in that they have taken an intransigent stance of "no tax concessions".
The GOP is acting like Democrats and poor people are the ONLY people responsible for the USA's state right now. That is simply not true.
And the worst time to grow a spine (as if they were somehow innocent bystanders while we were getting here) is when we are trying to dig our way out of the worst recession in 70 years!
Suddenly they want to be the "responsible" party when they were never responsible in the first place!
The GOP will take a serious hit for this if this goes past the deadline. I think everyone knows that. The GOP is getting a bit desperate to make sure the blame is fixed.
To put it in terms of an individual, the country is at the point where there's no more equity in the house, the value isn't going up, the credit cards are almost maxed, and no one is going to extend us any more credit.
Again while water bills can be expensive, when the house is on fire, one doesn't usually worry about the water bill.
The individual when faced with that situation cuts spending. Very few have the ability to go out and significantly increase their income. Sure the government can, in theory do that, but we need real cuts first.
Real cuts first? Why? Because there aren't enough poor people yet?
What kind of business person says "Oh yeah, I'm going to balance the books by cutting costs ,but I will TURN UP MY NOSE to revenue increases!"???
Apparently the GOP has a very weak grasp of how businesses are run if that is how they think it works.