From wikipedia:Dersmikner wrote:
i'm happy with their foreign policy.
The "spend the shit out of all the money" Decmocratic Party philosophy they've developed here at home is what pisses me off.
Federal spending in constant dollars increased under Bush by 26% in his first 4 and a half years. Non-defense spending increased 18% in that time. [8]
The tax cuts, recession, and increases in outlays all contributed to record budget deficits during the Bush administration. The annual deficit reached record current-dollar levels of $374 billion in 2003 and $413 billion in 2004. National debt, the cumulative total of yearly deficits, rose from $5.7 trillion (58% of GDP) to $8.3 trillion (67% of GDP) under Bush, as compared to the $2.7 trillion total debt owed when Ronald Reagan left office, which was 52% of the GDP.
According to the "baseline" forecast of federal revenue and spending by the Congressional Budget Office (in its January 2005 Baseline Budget Projections [9], the budget deficits will decrease over the next several years. In this projection the deficit will fall to 368 billion (USD) in 2005, 261 billion (USD) in 2007, and 207 billion (USD) in 2009, with a small surplus by 2012. The CBO noted, however, that this projection “omits a significant amount of spending that will occur this year — and possibly for some time to come — for U.S. military operations in Iraq and Afghanistan and for other activities related to the global War on Terrorism.” The projection also assumes that the Bush tax cuts "will expire as scheduled on December 31, 2010". If, as Bush has urged, the tax cuts were to be extended, then "the budget outlook for 2015 would change from a surplus of 141 billion (USD) to a deficit of 282 billion (USD)".