THE LAST 3 REPUBLICAN PRESIDENTS HAVE ACCOUNTED FOR NEARLY 100% OF OUR INCREASE IN THE NATIONAL DEBT SINCE 1981
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.
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See National Debt Graph @:
http://zfacts.com/p/1195.htmlSee Yearly Deficits:
http://www.cbo.gov/ftpdocs/108xx/doc10871/HistoricalTables.pdf WHY DO REPUBLICAN ECONOMIC PRINCIPLES EXPAND THE NATIONAL DEBT?
-The answer is simple mathematics. Reduced revenue + increased spending ='s increased debt-
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http://cedarcomm.com/~stevelm1/usdebt.htmThe two biggest promises of "Trickle Down Economics" are it's greatest failings. Proponents of "Trickle Down Economics” claim that tax cuts, skewed to the rich, will create jobs and increase tax revenues. The graph above disproves the latter claim. Job creation plummets under "Trickle Down Economics (see
http://bureaucountydems.blogspot.com/p/job-growth.html )and nine of the last ten recessions have occurred under Republican leadership (see
http://bureaucountydems.blogspot.com/p/history-of-recessions.html ).
Two things are certain to grow when a Republican is in the White House, unemployment and the National Debt.
By contrast, "Bubble Up" economnic priciples practiced by Democratic Administrations put people to work, rev up the economy, and balance the Nation's ledger books. Every time. No exceptions.
There Is Perhaps No Better Source Than The Following Video To Understand How Credit Card Republicanism Has EXPLODED the National Debt. Watch it. Forward it. Spread the word.
http://www.youtube.com/watch?v=P1bZ-TiX8rA?
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Below is a chart that tracks cumulative debt by president. It should be noted that the most accurate method is the debt to GDP ratio (See chart at top of this page) as that accounts for inflation and the growing size of the economy. That stated this is an eye opening, interesting and informative piece of information.
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http://maddowblog.msnbc.msn.com/_news/2010/09/20/5145120-chart-national-debt-by-president