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Reply #25: and they are [View All]

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unapatriciated Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 10:57 PM
Response to Reply #24
25. and they are
If You Want More Debt Vote Republican
by Robert Freeman
One of the most successful deceits of the past thirty years is that Republicans are the party of "fiscal discipline." In fact, Republicans are the party of fiscal wreckage. Simply put, Republicans love deficits and debt. They have buried the country with them. They expand them with orgiastic fervor every time they get the chance. Until we come to grips with this simple truth we will never gain control of our fiscal destiny.

In 1980 the national debt stood at $1 trillion. Over the prior 204 years, the nation paid for the Revolutionary War, the Civil War, the build-out of an entire continent, the First World War, the Great Depression, the Second World War, Korea, Vietnam, and the better part of the Cold War. And through all that, we still only borrowed $1 trillion.

But over the next 12 years of relative peace and prosperity, Republicans Ronald Reagan and George H.W. Bush would quadruple the national debt, to $4 trillion. They did it by dramatically lowering taxes on the wealthy and furiously expanding government spending. This isn't even economics, it's arithmetic: bring in less income while spending more money, and the result is debt. Mountains of it.

Bill Clinton reversed the Republicans' destructive formula, raising taxes on the rich and cutting spending to 17.4% of GDP, a level not seen in 30 years. The result was the longest economic expansion in American history. More than 20 million jobs were created, another record, while the stock market tripled. Most importantly, Clinton produced the first budget surpluses since 1969, handing George W. Bush a $140 billion surplus.

http://www.commondreams.org/view/2010/10/31-0

please post a link to support your accusation that they supported electing R's and a criticism of policy is not advocating voting R.
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