Bruce Bartlett on Where the Right Went Wrong<quoted text>
It seems the dems always want to blame Bush! Obama has had 4 years. It is time he is held accountable.
Borrowing leads to an increasing federal debt. It is true that the debt increased dramatically under George W. Bush. On January 1, 2001, just before President Bush took office, the federal debt stood at $5.6 trillion according to U.S. Treasury figures. When he left office on January 20, 2009, the debt stood at $10.6 trillion, an increase of almost five trillion dollars. As of June 1, 2012, the federal debt was at $15.7 trillion, an increase of $5.1 trillion. The federal debt has increased by as much under President Obama in three years as it did under Bush in eight. CNS News noted in October 2011 that President Obama had added more debt than all other presidents from George Washington to George Herbert Walker Bush.
February 10, 2012
In this Moyers & Company segment, Bill Moyers talks with conservative economist Bruce Bartlett, who wrote the bible for the Reagan Revolution, worked on domestic policy for the Reagan White House, and served as a top treasury official under the first President Bush. Now hes a heretic in the conservative circles where he once was a star.
Bartlett argues that right-wing tax policies pushed in part by Grover Norquist and Tea Party activists are destroying the countrys economic foundation. When he called George W. Bush out as a pretend conservative in his book Impostor: Why George W. Bush Bankrupted America and Betrayed the Reagan Legacy, Bartlett was fired from his position as a senior fellow at a conservative think tank. His new book is The Benefit and the Burden: Tax Reform Why We Need It and What It Will Take.
You Read this book and you will Understand why we are in economical mess and because of 8 years of failed economical policy of the Modern Liberal G.W. Bush with his Compassinate Conservatism which is Modern Liberalism. I will give Bush credit for using the word Conservatism in its proper use and not as political idealogy.
Impostor: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy
Bruce Bartlett, a veteran of the Reagan White House and Treasury Department, argues that George W. Bush has betrayed the Reagan legacy by expanding the size and scope of the federal government and letting the federal budget mushroom out of control. He charges that the Medicare expansion of 2003 may be the worst legislation in history and raises the question of whether Bill Clinton was a better fiscal conservative than Bush. Bartlett writes as a fiscally conservative Republican and worries that his party will have little future if it loses the trust of voters who want small government and fiscal responsibility. Blogger extraordinaire Andrew Sullivan will comment on Bartletts critique and the state of American conservatism.