Thursday, November 17, 2011

US Budget Problems

A news letter from the office of Senator Bernie Sanders of Vermont, notes that while Bush II inherited from Clinton a budget surplus, he managed to convert that into "record-breaking deficits because of Bush's huge tax breaks for the rich, two wars, the Medicare Part D prescription drug program written by the insurance industry and the Wall Street bailout-all unpaid for. Now, having driven up the national debt, those same Republicans are hell-bent on moving toward 'deficit reduction'". Why is Bernie Sanders the only politician making this point? It seems to me that the republican party has intentionally created this trillion dollar deficit problem in an effort to cut domestic programs which they can't stand, or take credit for.

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