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In Response to Re: Fox News Worth Repeating!:
Tragic that you have no concept of Governmental finance, yet feel compelled to exhibit that shortfall with your irrelivant posts. To quote dick cheney:" Deficits do not matter>" Have you forgotten this was the mantra for GOPers for the last several decades? Its how Reagan justified TRIPLING the National Debt and destroying the tax structure that had prevented such growth in the debt.
Posted by Olderscout66
Oh my -Blaming it on Reagan _What happen to blaming it on Bush?---------------The liberals never, ever want you to know about the huge surge in the economy in the 1980s, and huge gains in employment, more than 20 million jobs. They only like to point out that during Reagan’s presidency the debt increased from $909 billion in 1980 when Reagan was elected to $2.857 trillion by 1989 when Reagan left office. So they always say, “Reagan tripled the national debt because he lowered tax rates”.
So Obama National debt stands at 17 trillion-not yet triple Bush`s national debt -NOW I FEEL BETTER!!