Reaching heretofore unplumbed depths of shamelessness, Bush says, "Now, you hear talk about deficits, and I'm concerned about deficits, but this nation has got a deficit because we have been through a war."
Tweeeeeet. Time out. So far we have spent 20 billion dollars on the war and authorized roughly seventy billion more. The deficit is projected to be over 400 billion dollars this year. Completely eliminate every bit of money spent on invading Iraq, and we still have the biggest deficit in the history of the United States. We are in deficit because of Bush's war on sound budgetary principles, not his war on Iraq.
Bush said a $550 billion tax cut would create more than 1 million jobs by the end of 2004, compared with the 1.4 million jobs he contends would be created by the original $726 billion version.
Mm-hmm. Let's see, following the 1.7 trillion dollar tax cut, we had the first back-to-back years of job loss in 50 years and a 43% rise in the unemployment rate. But this time, he really, really promises it will work. Even taking his ridiculously Pollyannaish forecast at face value, a $550 billion dollar tax cut to create 1 million jobs means we'd be, in effect, spending $550,000 per job (more, really, since it's expanding the deficit and the associated interest we have to pay on it). Any company that spent over half a million dollars to create a single job would have the board of directors tarring and feathering the CEO.
And this huckster has a 70% approval rate? If there has ever been a more damning indictment of the American educational system, I can't name it.
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