Home > American Racket. Debt Deregulation, Bubbles, Bailouts and GoldplatedLies > Reagan Policy Advisor Explains The Debt Crisis & Says Raise taxes

Reagan Policy Advisor Explains The Debt Crisis & Says Raise taxes

Bruce Bartlett is a historian who was an advisor to President Reagan and a  Treasury official under George Bush (the dad not the son). So the man is not a flaming liberal by any stretch of the imagination. Currently he writes a blog called “capitol gains and games“. The clip below is from an appearance he made on HardBall w/ Chris Matthews on MSNBC.
In it he destroys all the myths and lies being served up by the current Republican party and shows where the debt came from. He shows that it is the Bush tax cuts, and his unfunded wars and Medicare drug benefit. Had we not done this our debt which was 6 trillion dollars when Bush took office would be GONE now. Furthermore President Obama’s contribution to the debt isput at around a trillion dollars.
Watch listen and learn.

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