Bush warns of Democrats tax rise plot [View All]

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Source: MSNBC

President George W. Bush on Wednesday accused Democrats of plotting the biggest tax increase in American history, endangering the solid economic growth achieved by the US over the past four years.
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Mr Bush pointed to robust growth in jobs, wages and gross domestic product since 2003 as evidence that his administration's tax-cutting agenda was working.

"I will use the veto to keep your taxes low and keep federal spending under control," he said, referring to Democratic plans to add $22bn to the 2008 budget.

Congress will have less than a month to pass budget legislation before the end of the fiscal year when lawmakers return from their summer recess in September. If the deadline is missed, the federal government would face a funding crisis.
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Mr Bush is attempting to use the budget debate to salvage the Republican party's tarnished reputation for fiscal responsibility after several years of expansion in federal spending since he took office.
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Mr Bush said the tax cuts of 2001 and 2003 had resulted in a surge in tax revenues by promoting entrepreneurship and job creation. "Since 2003, our economy has added more than 8.3m jobs in almost four years of uninterrupted growth," he added.

Read more: http://www.msnbc.msn.com/id/20184026/

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Yes, when you slow the economy to nothing, everything is an "improvement" from that point on.

Ooohh, yes, we're secretly plotting.

For chrissakes, we haven't been the ones racking up the national credit cards. SOMEBODY has to see that the bill gets paid.

And the sad part is that people will read the article and believe it. :eyes: