Who is responsibe for our HUGE Nadional Debt?

[napi21]

Got this ink from Thom Hartmann.

http://reaganbushdebt.org/

Turns out Reagan, GH Bush & GW Bush presidencies are responsible for 93.6% of what we now owe!

If you click on the link, click on the link to see the details of the calculation. Thom said "This was intentional. THAQT gives them the opportunity to then scream how we can't afford all the give aways and MUST cut them all because the debt is too high!

[liberal N proud]

1. Yep

Oh there I did it again #1

[colsohlibgal]

2. It Is Republicans But.....

How many citizens think that? Not a whole lot of them and the blame falls two ways......with the MSM and the gullible people who lap up their propaganda.

[napi21]

5. Then HOW do we promote That website? I realize the info wouldn't be believed if

if came from Democratic source, but AFAIK Reaganbushdebt.org isn't a partisan site. I just don't know where to post it for max exposure.

[HughBeaumont]

3. SAVING.

For any asshole who thinks all of our problems started on January 21, 2009 . . . .

[Rex]

4. And yet, the billion dollar media machine tells folks both parties are the same!

NO. NOT EVEN CLOSE.

[moondust]

6. One of the best things Bill Clinton did in office

was to spend 8 years trying to tackle the debt problem left behind by Reagan and Bush. Clinton made some progress and by the time he left office estimates were that the debt would be retired in about a decade. (Remember the Clinton surpluses?) But then came the GWB/Cheney gang who immediately screwed the pooch with tax cuts followed by two long wars and then the Great Recession. As long as profligate Republicans have any control over taxes and spending then the debt will never be retired and is likely to keep getting worse.

[ManiacJoe]

7. Congress likes to spend, regardless of the majority party.

[madville]

11. True

Reagan dealt with a Democratic House his whole Presidency, they pass the budgets of course per the Constitution. Clinton was the opposite, he dealt with a Republican House most of his tenure. Then you have GWB and his Republican House from 2000-2006, they spent like crazy post-9/11 and it crashed in 2008 as we all saw. Now the debt has doubled since 2009, I say just keep rolling with it.

My opinion is we will never retire the current debt, doesn't matter a whole bunch until people stop lending us money. We really can revert back to making things here, producing all our own energy, and we can farm and raise all our own food. It will work itself out (maybe too optimistic but I like staying positive).

[colsohlibgal]

8. It Is Hardly Just About Spending

Declining revenue is a huge factor that is rarely discussed. Between tax cuts focused on wealthy people and businesses, tax loopholes to get around being taxed, etc, our revenue has plummeted.

God knows how much revenue could accrue if we got serious about closing loopholes. And getting the top tax rate back where it was from FDR through Carter would seriously put us in better shape.

[former9thward]

9. Revenue is at an all time high

None of what you posted is true.

http://money.cnn.com/2015/08/14/news/economy/us-government-taxes-record/

[philosslayer]

13. Huh?

Revenue is skyrocketing. Its at an all time high. Look at any graph of Government revenue. Do you have a single fact to back up what you just wrote?

[lindysalsagal]

10. George Bush.

Next question.

[Bradical79]

12. What's considered a healthy debt level? -nt

[SickOfTheOnePct]

14. Those calculations are pretty weak

Best info is on the U.S Treasury site - actual numbers, and easy to see where the debt was accumulated.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm