State of the Union 2014

[Tgo01]

I'd wager that the best paid tow truck drivers are incentive based.

Making 35 dollars an hour?

“The ‘Bush tax cuts,’ passed in 2001 and 2003, remain the single largest cause of America’s structural deficit — that is, the deficit not caused by the collapse in tax revenue when the economy goes into recession. The Bush administration inherited budget surpluses from the Clinton administration. What turned these into deficits, even before the recession? There were three fundamental new costs: the tax cuts, the Medicare prescription-drug bill and post-9/11 security spending (including the wars in Iraq and Afghanistan). Of these the tax cuts were by far the largest, adding up to $2.3 trillion over 10 years. According to the Congressional Budget Office, nearly half the cost of all legislation enacted from 2001 to 2007 can be attributed to the tax cuts.” [Zakaria, Washington Post, 8/2/10]

That all sound like reasons for our high deficit. The recession is only mentioned twice and neither time does it cite these reasons as the cause of the recession.

I also don't understand how a war can lead to a recession and job losses. Likewise I don't understand how tax cuts (which literally gives people more money to spend) leads to a recession and job losses either.