Quote:
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The Bush Tax Cuts Cost Two and a Half Times as Much as the House Democrats’ Health Care Proposal
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Nice wording.
I read this as the government wasn't able to squeeze out extra cash from the American People thanks to Bush. But obviously the author believes the government was robbed of 2.11 trillion dollars by the thief Bush.
Quote:
This includes the revenue loss of $2.11 trillion that results directly from the Bush tax cuts as well as the $379 billion in additional interest payments on the
national debt that we must make since the tax cuts were deficit-financed.
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Another way of wording this is the tax cuts saved the American People from paying the government $2.11 trillion dollars.
Really the government should of cut spending to account for the lower tax revenue. Instead they continued to borrow more and more cash from overseas.
But spending 900 billion(borrowing more cash and increased taxes) to pay for this healthcare is ok. These same people would rather spend the 2.5 trillion and then spend another 900 billion to top it off.