A Bad Assumption: Republicans Are Acting in Good Faith on Deficits

Another Repug agenda exposed and its true, Repug presidents like to run up deficits to feed the rich and take from the poor.

I think it's fairly obvious that we want the deficit reduced. Nor is it very difficult to discern that some of our leaders are less than committed to do what we desire. Not sure what you think you've exposed, but this is common knowledge to anyone who has been payign attention.

Also for the record, the rich don't need the government to feed them. Nor do the poor have anything to take, atleast if what you've been saying about the poor is correct. And the biggest lie you tell is that your party's elites are the "poor". It's time we take our money back from the politicians and return it to the taxpayers.
 
dimocrats will borrow more to establish more government programs we neither need nor can afford and there has been no decrease in the size, scope and cost of government under the repugnantcans so as I said before there is no difference which party is in power as we will end up in the exact same ditch.

You don't seem to know what stuck us into this deficit mess. It was the GOP, beginning with Reagan and the philosophy that deficts don't matter.

An idea that the dimocrats perfected no?

And don't go spouting about clinton's so called surplus. If indeed there was a surplus then it should have gone to pay down the debt but it didn't.

Tell me which party in the last 3 decades has left the government smaller than it started and actually reduced the debt?

The election of George Bush was the main reason the surplus never got to pay down any of the debt. His tax cuts wiped out the surplus; exactly as he intended them to do.
 
The election of George Bush was the main reason the surplus never got to pay down any of the debt. His tax cuts wiped out the surplus; exactly as he intended them to do.

Only problem with your argument is that there was no surplus to begin with.
 
Jonathan Weiler: A Bad Assumption: Republicans Are Acting in Good Faith on Deficits


The extent of Republican dishonesty on deficits should have been plain long ago. Republican presidents have been running up very large deficits for thirty years. And in their more candid moments, their advisers and supporters have acknowledged the value of "strategic deficits" -- the utility of which deficits as an excuse to cut programs that help the less well-off while preserving and enhancing the prerogatives of the wealthy. That's the only agenda the Republicans have pursued with consistency and dedication for three decades.
Another Repug agenda exposed and its true, Repug presidents like to run up deficits to feed the rich and take from the poor.

You are right we should not assume they will do this which is why we have to stay on top of them with emails, phonecalls, snailmail, and rallies if they start wandering off the path.

That being said the Democrats are even more guilty of adding to the debt while they control congress and the whitehouse.

Question: Which president and congress has added the most to the national debt out of all presidents and congresses?

Answer: President Barack Obama and the 111th congress.
Misleading question with a dishonest answer you mean.

$12 Trillion Republican National Debt

zFacts-Reagan-Bush-National-Debt.gif

The debt went up during Clinton's years only because of $2.2 Trillion interest on the Reagan-Bush debt. Otherwise Clinton would have paid off most the remaining WWII debt.

Complete Proof of the $12 Trillion Republican Debt

Just below you can see the calculation and the documentation links for the Reagan-Bushes $12 Trillion ($12,049 Billion) national debt as of September 30, 2010. You can download this as an excel spreadsheet by clicking: Download as XLS.
Their debt has 4 parts, but the bulk of it is calculated from 4 inputs (yellow and tan) that you can check with the color coded links to the treasury at the bottom. This will verify the $3.4 Trillion Reagan-Bush debt and the $6.1 Trillion G.W. Bush debt. Together that's $9.5 Trillion. Now some of G.W. Bush's debt is really interest on the Reagan-Bush debt, so he is not as bad as he looks, and Reagan-Bush are lot worse because of all their interest. You can see that in the graph above.
Interest is calculated on the second sheet (tab at bottom). But you know that 17 years of compound interest on 3.4 Trillion is going to add a lot. So a $12 Trillion total is very believable, and if you want to spend 10 minutes you can check it easily.
And if you think Congress did it, you better have a look here. Under Reagan and Bush-I, Congress actually made the debt a tiny bit smaller than what both presidents asked for. And G.W. Bush passed his supply-side tax cuts with a Republican Congress. There is just no wiggle room. The Republicans did it.





Reagan Told Us How to Track the Debt



October 30, 2010. From Reagan's first speech as President: "A trillion dollars would be a stack of thousand-dollar bills 67 miles high. The interest on the public debt this year we know will be over $90 billion, and unless we change the proposed spending for the fiscal year beginning October 1st, ..."
Well he changed it all right, and when he left office the stack of $1000 bills was 191 miles high.
So what did Reagan tell us about calculating his debt? (1) Start on October 1, 1981, and (2) Don't forget the interest costs of the debt.
October 1, 1981 is the beginning of his first budget year (fiscal year). He's right. He is not responsible for Carter's last budget year that runs until Oct. 1. But Reagan is responsible for his own last budget year, which ran until Sept. 30 1989. That's eight years, which is right for two terms. Reagan was right and fair about this, and that's what the spreadsheet above does.
And, like he said, the interest on the debt matters. And since he and Bush-I left us $3.4 Trillion of extra debt when Bush-I's last budget year ended on Sept. 30, 1993, that debt started collecting interest, and it still is. Clinton, G.W. Bush and Obama are not responsible for that interest. So the spreadsheet actually over-states G.W. Bushes debt because quite a bit of that was interest on the Reagan-Bush-I debt. But shifting that responsibility to Reagan-Bush (as the graph shows) does not affect our total for Reagan and the Bushes.
G.W. Bush took control of the budget on Oct. 1, 2001, when the debt was $5.8 Trillion and his last budget year ended Oct. 1, 2009, with the debt at $11.9 Trillion. During that last year, Obama got a stimulus bill passed, but that's the only significant change he was able to make in federal spending. (You can see it subtracted above.) Spending the stimulus money was slow, so only $36 Billion ($0.036 Trillion) contributed to Bush's deficits. So instead of raising the debt $6.10 Trillion, he only raised it $6.06 Trillion.
About $0.2 Trillion is still left from WWII, and Obama has $1.25 Trillion that's his. Of course half of that is from the Bush-II tax cuts and most of the rest is because of the Great Recession.
 
Democrats are a coalition. Black brown white gay straight men women young old rich poor educated uneducated Christian Muslim Jew Atheist and so on.

Republicans are 90% white and mostly Christian.

The two simply can't be compared.

You forget your beloved scientist???!! Come on deaner your slipping!!
 
The election of George Bush was the main reason the surplus never got to pay down any of the debt. His tax cuts wiped out the surplus; exactly as he intended them to do.

Only problem with your argument is that there was no surplus to begin with.
So basically you are saying the CON$ervatives who have been claiming that the Gingrich Congress gave Clinton his surplus are lying.

Thank you.

Only a Republican Congress Has Run a Budget Surplus

[SIZE=+1]Only a Republican Congress Has Run a Budget Surplus[/SIZE]
Congressional Budget Office ^ | Jan 09, 2009 | avacado
Posted on Fri Jan 9 11:42:27 2009 by avacado
This is just an FYI post regarding budget deficits and surpluses. It's interesting to note that since 1968 only a Republican Congress has run a budget surplus and that was from 1998 - 2001. In fact, Clinton was running quite a healthy yearly deficit until Newt Gingrich showed up with the 'Contract with America.' In terms of public debt, that increased 5% during Clinton's terms and about 5.1% during Bush's terms.
The surplus/deficit is listed under the column 'Total' at the link.

(Excerpt) Read more at cbo.gov ...
 
Last edited:
The GOP is using the deficit as an excuse to kill the programs they never liked
You hit the nail Right on the head. Reagan began the "starve the beast" strategy with deficit spending and tax cuts. Even the leader of the CON$ervative Brotherhood admits it!!!

July 6, 2010
RUSH: It is said of Reagan -- I think it's true to a certain extent -- Reagan decided to starve the welfare state by creating deficits and spending
 
Jonathan Weiler: A Bad Assumption: Republicans Are Acting in Good Faith on Deficits


The extent of Republican dishonesty on deficits should have been plain long ago. Republican presidents have been running up very large deficits for thirty years. And in their more candid moments, their advisers and supporters have acknowledged the value of "strategic deficits" -- the utility of which deficits as an excuse to cut programs that help the less well-off while preserving and enhancing the prerogatives of the wealthy. That's the only agenda the Republicans have pursued with consistency and dedication for three decades.
Another Repug agenda exposed and its true, Repug presidents like to run up deficits to feed the rich and take from the poor.

How can the libs even mention the deficit the Repubs have had with this President adding 4trillion in 2yrs. Nobody even comes close to what obamas done.
Except Obama has not racked up $4 trillion yet.
As I have already posted, $12 trillion of the $14+trillion belongs to Reagan and both Bushs. $2 trillion minus the interest on the Reagan, Bush I, Bush II debt belongs to Obama.

Try again.
 

New Topics

Forum List

Back
Top