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Under Bush's tax rate cut, revenue doubled from what it had been under Clinton...In January 2007, the same month Democrats took control of Congress, CBO projected an $800 billion surplus over the 2008-2017 period....FY 2009, a $2.7 trillion deficit over the 2008-2018 period."There needs to be an immediate increase in spending and I think this is a time when deficit fear has to take a second (back) seat."--Barney FrankGet ready for spending, deficits and debt Bush could have only DREAMED about.
Under Bush's tax rate cut, revenue doubled from what it had been under Clinton...
In January 2007, the same month Democrats took control of Congress, CBO projected an $800 billion surplus over the 2008-2017 period....FY 2009, a $2.7 trillion deficit over the 2008-2018 period.
"There needs to be an immediate increase in spending and I think this is a time when deficit fear has to take a second (back) seat."--Barney Frank
Get ready for spending, deficits and debt Bush could have only DREAMED about.