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  • foxnewsbschecker2 foxnewsbschecker2 Nov 3, 2013 10:12 PM Flag

    THE STATE OF THE NATION (in a nutshell)

    Under President Bush we went to wars in Afghanistan and Iraq -- and didn't pay for them. We just put them on the credit card. The cost of those wars is estimated to be between $4 trillion to $6 trillion. Further, Bush and Congress passed an expensive prescription drug program that was unpaid for. They also reduced revenue by giving huge tax breaks to the wealthy and large corporations. On top of all that, the Wall Street collapse and ensuing recession significantly reduced tax receipts and increased spending for unemployment compensation and food stamps, further exacerbating the deficit situation.

    Interestingly, the so-called congressional "deficit hawks" -- Congressman Paul Ryan, Senator Jeff Sessions and other conservative Republicans -- all voted for those measures that increased the deficit. These are the same folks who now want to dismantle virtually every social program designed to protect working families, the elderly, the children, the sick and the poor. In other words, it's okay to spend trillions on a war we should never have waged and large defense budgets, and provide huge tax breaks for billionaires and multi-national corporations. It's just not okay when, in very difficult economic times, we try to protect the most vulnerable people in our country."

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