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<blockquote data-quote="diesel96" data-source="post: 411730" data-attributes="member: 9859">The bottom line the Bush Tax Cuts are the main cause.The US government needs income to run.Without the income the US government must borrow fundsfrom other sources.The more the US borrows, the higher the US Debt goes andthe larger the payment on the Debt Interest becomes and themore money the US needs to borrow,The double edge is that as the Debt grows the faith in the USEconomy and the US Dollar declines.The US dollar has fallen by almost half against every majorcurrency.The Bush Tax Cuts did not fulfill any of the claims promised.More money to the rich did not stimulate the economy, did notcreate 15 million jobs, did not balance the budget or lowerthe debt and did not increase revenues.The increase in revenue came from the increased profits fromabroad either from exports or profits from US international companiestaking advantage of the US currency drop and padding theirEarning Reports with profits made overseas</blockquote>

[QUOTE="diesel96, post: 411730, member: 9859"] [B]The bottom line the Bush Tax Cuts are the main cause. The US government needs income to run. Without the income the US government must borrow funds from other sources. The more the US borrows, the higher the US Debt goes and the larger the payment on the Debt Interest becomes and the more money the US needs to borrow, The double edge is that as the Debt grows the faith in the US Economy and the US Dollar declines. The US dollar has fallen by almost half against every major currency. The Bush Tax Cuts did not fulfill any of the claims promised. More money to the rich did not stimulate the economy, did not create 15 million jobs, did not balance the budget or lower the debt and did not increase revenues.[/B] [B]The increase in revenue came from the increased profits from abroad either from exports or profits from US international companies taking advantage of the US currency drop and padding their Earning Reports with profits made overseas[/B] [/QUOTE]

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