Bush Tax Cuts Started Before His Seat Was Warm!

How’d he do that? He’s Such a Moron.

The Bush tax cuts, through 2011, had an estimated impact from adding up past estimates of various changes in tax laws enacted since 2001, chiefly the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), the 2008 stimulus package, and a series of annual AMT patches.

The Moron and his band of evil-doers had to know how much to steal during the nightmare years.

Those estimates were based on the economic and technical assumptions used when CBO and the Joint Committee on Taxation (JCT) originally “scored” the legislation, but the numbers would not change materially using up-to-date assumptions.

Most of the Bush tax cuts were scheduled to expire after December 2010 but were continued for another two years in last December’s tax compromise. We added the cost of extending them from estimates prepared by CBO and JCT. Together, the tax cuts account for $1.7 trillion in extra deficits in 2001 through 2008, and $3.7 trillion over the 2009-2019 period.

The extra debt-service costs caused by the Bush-era tax cuts, amounted to more than $200 billion through 2008 and another $1.7 trillion over the 2009-2019 period — nearly $330 billion in 2019 alone.

But wait! There is certainly more to steal. It may cause a few thousand American lives but the beast (Halliburton) has to be fed.

What’s the fastest way to steal? A war, of course!

Finally, Halliburton...Cheney’s old haunt got so disgustingly rich and screwed up so much of what they touched, (They even got the contracts to feed the unsuspecting volunteers), they changed their name and moved their ill-gotten gains to Dubai. How unAmerican was that, Cheney? Too bad about your sick, black heart.

War costs — Spending for operations in Iraq and Afghanistan and related activities cost $610 billion through fiscal 2008, according to CBO ($575 billion for the Department of Defense and $35 billion for international affairs), plus another $160 billion in 2009 and $170 billion in 2010.

It has been a disappointment to me that President Obama didn’t get our country out of the wars in Iraq and Afghanistan. It was a real disappointment when he added troops in Afghanistan.

Estimates of costs in 2011 through 2019 on CBO’s projections, adjusted for a phase-down to 45,000 troops; those costs come to just over $700 billion. We add the associated debt-service costs, which came to $64 billion through 2008 and will total another $607 billion over the 2009-2019 period ($105 billion in 2019 alone).

Has anybody figured out what we’re fighting about?