Col Gene: You claimed the tax cuts caused the deficit. You claimed that your info came from the CBO. When questioned you couldn't come up with a link.
I found the link and it states the opposite. Tax cuts did not cause the deficit. The cause of the deficit is largely because the economy hasn't grown as fast as was originally projected and spending increased faster than expected as the same time. Tax cuts were a minor element in this whole thing.
If you REALLY want to balance the budget, then demand a one or two year spending FREEZE on everything. No cuts, just don't increase spending on anything. The deficit will evaporate pretty quickly then.
When you have a deficit of only say 3%, then all you have to do is wait for the taxable receipts to increase 3%. Last year the economy grew at greater than 3%. The problem is that we increase spending at around 6% each year (hence the 3% deficit).
I find it pretty sad that when confronted with errors in your statements that you try to change the topic. It's rather vile actually.
I don't say this very often but.. Col Gene, you're a liar.
You have yet to provide a single link to back up any of your claims. I (and others) have provided links to government sources that demonstrate you're wrong.
I don't like the deficit either. However, it was not caused by the tax cuts which you have claimed on numerous occasions. EVEN if we raised taxes back to where we had them, we would still have a large deficit.
Here's another congressional budget chart based on the CBO figures:
http://www.budget.house.gov/lgcausdeficit030905.pdf
If we had not provided tax cuts, the deficit MIGHT have been 14% smaller. However, even that's misleading because odds are the economy would not have recovered as quickly or as strongly withou those tax cuts.
The weaker than expected economy and excessive new discretionary spending (such as increases in education and the military) are a problem.
Here is another chart about deficits you should look at:
http://www.budget.house.gov/netinterest030905.pdf
(note that both these governments are .gov sites, they're not being spun, these are just the raw numbers based on the CBO that Col Gene loves to shried about).
The biggest issue I have with deficit spending is that the interest payments start to eat up the budget. However, in 2004 (that would be last year btw), the interest on the debt was only 7% of the budget. Compare that to when it was 16% during the Clinton years.
So let me sum this up to you - I don't like deficit spending but it's largely for aesthetics reasons. The deficit is clearly not a major problem right now and for most people the economy has been steadily improving since the 9/11 attacks.
Those are the facts. Shrieking and sounding insane only damage your "argument".
You have your opinion but no evidence whatsoever to back up your opinion. I have my opinion, I have backed up my views with concrete evidence.
Ultimately we can only agree to disagree. We have no way of knowing whether in 10 years we'll look back and say "Oh man, Bush has wrecked the country". It's a pointless argument.
What we can say with some certainty is that most (>50%) of people have seen things improve since the 9/11 attacks. And sicne we just had an election that Bush won by a reasonable margin, most of the country prefers him to any other options.