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In Response to Re: U.S. debt jumps a record $328 billion — tops $17 trillion for first time:...
Enough with the GOPer lies about the Debt.
When Reagan entered office the Debt was $829B and when he left it was $3,757B, and increase of $1.936 TRILLION (234%) in 8 years. That additional debt added $117Billion/year to the Deficit AND the Debt every year for the last 26 years, a total of $3.042 TRILLION in debt service alone..
Jrbush entered office with a debt of $5.688TRILLION and a budget SURPLUS of $350BILLION. Junior left us with a debt of $10.413TRILLION, an increase of $4.765TRILLION (84%), and a budget deficit of $1.2 TRILLION, an increase of $1.5TRILLION/year. That additional debt increased the Deficit by $278Billion/year for the last 5 years, a total of $1.302Trillion just to service the jrbush debt..
So, here's the actual history of the Debt.
$1.936 TRILLION added by Reagan 1981-1989
3.042 TRILLION added for service on the debt created by Reagan
4.785 TRILLION added by jrbush 2001-2009
1.302 TRILLION added for service on debt created by jrbush
$11.065 TRILLION Debt due to the Reagan and jrbush administrations' fiscal policies. The total debt is only $17Trillion, over 65% of which was created in TWO GOPAdministrations.
In addition, the gutless warmongering preppytwit left President Obama with a $1.5Trillion deficit and TWO worthless wars that jr lied us into so he could be badder than his war hero daddy AND shovel tax dollars to his owners at Haliburton.
We got rid of jr and the gipper, but their legacy of $395Billion/year in service on the debt THEY created, plus jr's su*k-the-richest tax giveaway of $350Billion/year to the top 1% that stuck for 5 years, plus the $300Billion/year for the wars he lied us into, and virtually the ENTIRE deficit every year ($1 TRILLION+) of President Obama's administration has been caused by the stupidity and obsequesense of Reagan and jr to their Uberrich masters.
As for the increase in food stamps, that is the fallout from jr's deregulation and non-enforcement that created the crash of 2007 that we still haven't recovered from because GOPers blocked every attempt to help anyone who wasn't Uberrich.
Posted by Olderscout66
You can continue to post your rants but this is the bottom line. You like? Is that OK with you because you are getting your entitlements?
The national debt is set to double by the time President Barack Obama leaves office, if it continues to increase at the current rate.
Posted by KidBoy2
The debt TRIPLED under Reagan because of his tax giveaways and doubled under jrbush because of his tax giveaways AND the two wars he lied us into.
The debt in increaseing under President Obama because Repugs refused to end the jrbush giveaway and the Repug drive to choke off economic growth to recover from the Great Recession that destroyed millions of American's lives thanks to Repug deregulation under jrbush.
We continue to pay for the policies of Reagan and jr because the Repugs Gerrymandered their minority vote from the people into a majority in the House.
When we get rid of the Repug majority in the House in 2014, the country can begin to recover.
GOPer-dupes want us to blame the fireman because the building THEY set fire to is still burning after the fireman arrived and began to fight the blaze. Typical of those who cannot actually think for themselves.
Posted by Olderscout66