10 Years from Surplus to Default, Thanks George!

A somber anniversary – Saturday, June 11, 2011 | 2:01 a.m. – Las Vegas Sun http://www.lasvegassun.com/news/2011/jun/11/somber-anniversary/

When President George W. Bush took office in 2001, he was handed quite the gift. The nation had been running a budget surplus, and there was talk that the federal government could be debt free by 2009. But that wasn’t to be. Instead of using the money to pay down the deficit, Bush pushed for tax cuts, especially for the wealthy. A decade ago this past week, the first piece of the ignominious Bush tax cuts became law.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s