Are Republicans Responsible for our Soaring National Debt?
Buoyant Leadraft
2012/09/05 15:46:21
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45 votes
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61% | |||
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29 votes
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NEXT
TIME REPUBLICANS BLAME DEMOCRATS
FOR OUR INCREASING NATIONAL DEBT, SEND
THEM
THIS LITTLE GRAPHIC TO SOOTHE THERE
CONSERVATIVE MINDS.

TIME REPUBLICANS BLAME DEMOCRATS
FOR OUR INCREASING NATIONAL DEBT, SEND
THEM
THIS LITTLE GRAPHIC TO SOOTHE THERE
CONSERVATIVE MINDS.

I think the chart pretty
much speaks for itself. Nearly every single thing driving the current
increase in public debt — tax cuts, wars, the recession, and measures to
fight the recession — was a result of Bush-era policies that were
enthusiastically supported by nearly every single Republican currently
hanging out in Tampa. They only got religion after a Democrat won the
White House and had to clean up the mess they left behind.
Their success at convincing half the country that Barack Obama is
responsible for our soaring debt is surely one of the greatest political
propaganda victories of all time.

Read More: http://www.motherjones.com/kevin-drum/2012/08/repu...






















From the end of WW2 in 1946 until 1981 every administration managed to reduce the debt to GDP by an average of 2 1/2% every year to 31.82%.
From 1982 until 1995 Ronald Reagans supply side economics added 34.54% to 66.36%.
Between 1996 and 2001 the Clinton administration reduced the debt by 10.27% to 56.09%.
Between 2002 and 2009 George W. Bush's policies, still ongoing, added 29.11% to 85.2%.
With Bush's stimulus spilling over into the Obama administration the debt now stands at 105.32% of GDP.
Altogether only two administrations since WW2, Reagan and Bush2, were responsible for an increase in the debt to GDP of 63.65% to 85.2%.
How much has been added due to Obama's policies is debatable but the fact is that his decisions kept us out of another Great Depression.
The debt to GDP now stands at 105.32% of GDP. If anyone thinks that this recession would be ended at no cost is living in fantasyland.
They can't seem to comprehend that unlike his predecessor this president had to spend like he did to in order prevent our economy from spiraling down the toilet towards a full blown depression.
But to continue to beat the drum about Republicans are the party of fiscal responsibility is completely laughable.
The party that hopes the economy fails so they can be swept in again to do it all over.
NO THANKS!
I agree .. NO THANKS !
If it's inside the Beltway and works in a white building, it's probably responsible.
Keep the barf bags handy, kids, 'cause it's gonna be a bumpy flight.