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I know what you did…10 years ago
Posted by: Kaine
Tags:
10 years tax cuts, budget, buget surplus, defecit, federal budget, George W. Bush, President Bush, recession, tax, tax cuts, tax relief, unemployment rates
Posted date:
June 7, 2011 |
No comment
June 7, 2011
10 years sounds like a long time to some people but then again, it’s a short period of time in which a lot can happen. Ten years ago this day, I have no idea what I was doing; but I know exactly what President George W. Bush did he passed his signature tax cuts. It was this day in history that our former President took a budget surplus and initiated the massive debt we are experiencing today. A budget surplus is when the government's income exceeds spending. If your phone bill and rent is $700.00 but you have $900.00 in income, then you are operating at a surplus. On June 7, 2001, President...
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