U.S. deficit to top $1 trillion, smallest since ’09

[mikekohr]

1. THE LAST 3 REPUBLICAN PRESIDENTS HAVE ACCOUNTED FOR $9.2 TRILLION OF THE THE NATIONAL DEBT

Every President, from Truman to Carter, steadily paid down the staggering debt that was run up in our fight against Nazi Germany and Imperial Japan. That pattern came to a screeching halt with Reagan/Bush and Bush. Clinton’s fiscal policy was a brief respite during this orgy of deficit spending.


Clinton's economic policies balanced 5 budgets, which is 5 more balanced budgets than the last 5 Republican presidents combined.

President Obama, like President Clinton, inherited a sea of red ink and a recession from his predecessor. He, like President Clinton, recognizes the importance of getting America back to work and then getting our fiscal house in order.


?

cached at: National Debt
http://bureaucountydems.blogspot.com/p/national-debt.html