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To: sickoflibs

RE: Those sneaky Dems they promised us again. not again. They are diabolical and evil.

It happened more than once in the past. Both times under Republican Presidents.

Ronald Reagan explains a little farther in his autobiography: He did accept tax hikes “in return for (the Democrats’) agreement to cut spending by $280 billion,” but, Reagan continues, “the Democrats reneged on their pledge and we never got those cuts.”

President George H.W. Bush made the exact same deal with Democrats just a few years later.

Pretending to care about the deficit — created exclusively by their own profligate spending — Democrats demanded that Bush agree to a “balanced budget” package with both spending cuts and tax increases.

In June 1990, Bush did so, agreeing to tax hikes in defiance of his “read-my-lips, no-new-taxes” campaign pledge.

Again, Democrats, being Democrats, produced no spending cuts, and within two years the increased federal spending had led to a doubling of the deficit.

The Democrats didn’t care: All that mattered was that they had tricked Bush into breaking his tax pledge, which they celebrated all the way to Bush’s defeat in the next election.

We’re going to repeat the same insanity again hoping for a different result...

Who was it who said : “Those who don’t learn from history are doomed to repeat it.”?


53 posted on 11/19/2012 2:17:25 PM PST by SeekAndFind
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To: SeekAndFind; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; Gilbo_3; Impy; NFHale; ...
RE :”It happened more than once in the past. Both times under Republican Presidents.
Ronald Reagan explains a little farther in his autobiography: He did accept tax hikes “in return for (the Democrats’) agreement to cut spending by $280 billion,” but, Reagan continues, “the Democrats reneged on their pledge and we never got those cuts.”
President George H.W. Bush made the exact same deal with Democrats just a few years later.
Pretending to care about the deficit — created exclusively by their own profligate spending — Democrats demanded that Bush agree to a “balanced budget” package with both spending cuts and tax increases.
In June 1990, Bush did so, agreeing to tax hikes in defiance of his “read-my-lips, no-new-taxes” campaign pledge.”

GHW Bush has already admitted that he raised taxes to get a deal out of the way so he could go into Gulf I without opposition.

We were being sarcastic about these well meaning over-trusting Republicans getting snookered time after time because they are such nice guys.

Both sides want deficits when they are seen in charge.
They both want to save their own sides pork and want to use spending and tax cuts to gain/save enough voters to win elections. Neither are serious.\

Last year 2011 Ryan and CO with Dems passed a bunch of automatic spending cuts that will go into effect in a month or so.
Who has been screaming that these same spending cuts they passed will destroy this country this past 8 months or so? Republicans! Dems haven't said a word about them, or at least very little. This is after Ryan on the House floor called it a historical bipartision success
So what will they do with those spending cuts now?

56 posted on 11/19/2012 8:48:24 PM PST by sickoflibs (How long before cry-Bohner caves to O again? They took the House for what?)
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