"but let me point out that Trump recovered from bankruptcy three times."
Wow, that's some spin right there. Sure he declared bankruptcy three times, but he "recovered", see! What a brilliant business mind.
"we've watched Obama abuse his elected position"
How on earth did Obama "abuse" his position? And you say I'm intolerant of opposing POVs? Because Obama doesn't share your discredited tax philosophy he's "abusing" his position? And yet you're probably one of those people who backed Bush twice. Give me a break.
" If the economy is "recovering" why are gas and food prices skyrocketing, and why is the Fed talking about raising interest rates, and why is the rest of the world getting rid of T-bills as fast as they can?"
Yeah sure looks like T-bills are being unloaded....
http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt
But this is a heads you win, tails I lose argument. You'll probably respond by saying the fact that T-bill purchases have increased is proof of our evil spending policy.
As for interest rates, you rightwingers have been claiming we're heading toward hyperinflation for almost 2 years now. All of you predicted we're going to have massive inflation and interest rates are going to skyrocket. And the best you can come up with is the fact that fed is "talking" about "possibly" raising rates in 2011. Why, yes because of higher energy prices, which as predicted you blame on Obama instead of speculators. But unemployment is going down, which you trickle-downers don't care about, but it's happening.
"The Bush tax cuts actually ended up in the rich as a group paying more in total taxes (while individually paying less) and lead an increase in revenue."
This is completely false. http://www.econdataus.com/recsrc06.html
1) The rapidly increasing deficit appears to be chiefly due to a steep drop
in receipts. From 2000 to 2004, receipts have dropped from 20.9% of GDP
to 16.3% of GDP, their lowest level since 1959. Meanwhile, outlays have
risen from 18.4% of GDP to 19.8% of GDP. The drop in receipts of 4.6%
of GDP is over three times the rise in outlays of 1.4% of GDP.
2) The largest drop in receipts has been to individual income taxes. From
2000 to 2004, they have dropped from 10.34% of GDP to 7% of GDP, their
lowest level since 1951. This drop of 3.34% of GDP is about 73% of the
total drop in receipts.
3) The second largest drop in receipts has been to corporate income taxes.
From 2000 to 2003, they went down from 2.13% of GDP to 1.22% of GDP, a
drop of 0.91% of GDP. In 2004, however, they recovered nearly half of
that loss to a total drop of 0.49% of GDP. That is about 11% of the
total drop in receipts.