FACT - at least since 81, most new debt was under Rep. Presidents

Discussion in 'Politics' started by OohPooPahDoo, Sep 28, 2011.

  1. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    CLEARLY the part of fiscal responsibility.
     
  2. Rocko
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    Rocko Gold Member

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    both parties have let us down, but what this president, along with these Deomcrats, have done, is Unprecedented...

    If you want to say the GOP doesn't deliver, on what they promise, you are right, but the Dems promise utopia, and only seem to make things worse..

    Under Obama, we have higher unemployment, lower wages, higher poverty rate, and record debt.
     
  3. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Reagan debt was 79 billion so increasing it 189% doesn't mean much.

    That being said, why has it increased under Obama and not decreased? Wasn't he supposed to fix everything?
     
  4. Full-Auto
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    Full-Auto Gold Member

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    so congress shares no blame.

    How hackful of you.
     
  5. Big Fitz
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    Big Fitz User Quit *****

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    Fact: Since 1961 most debt accrued under a DEMOCRAT Congress.

    And?

    Who passes the budget again? Who debates what's in it? Who has the purse strings?

    Hmmmmmmmm......
     
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  6. naturegirl
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    naturegirl Silver Member

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    Last edited: Sep 28, 2011
  7. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    Not to defend Obama and the Dems, but we have had absolutely flat wages since the early1980's. The higher unemployment is the hangover from the biggest worldwide economic downturn since the Great Depression and I don't see either party doing anything constructive about jobs. And naturally, with such a stagnant recovery and thirty years of flat wages and the with no job growth the poverty level is going to increase. Regarding the record debt, every day since the 80's is a new day of record debt.
    We now have probably the most dysfunctional government in the history of this country. This is thanks to the most extreme partisanship and lack of willingness to compromise this country has ever seen. Both parties are much more interested in putting party over country, and that's what one gets when both parties are controlled by an extremist element of their ideologies.
    Also, Corporate America has done nothing to help alleviate the dire situation. They are making record profits and sitting on trillions of dollars of capital. They have the lowest tax rate ever thanks to so many loopholes that many don't even pay taxes. The investor also has the best tax rate on Capital Gains they have ever experienced in modern history. Yet they are doing nothing and their excuse is they need more breaks! And ask yourself, who controls job growth and wage growth?
    So there we have it. Two dysfunctional major political parties, a greed driven business environment and the result is a country held hostage.
     
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  8. Cuyo
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    Cuyo Training a Guineapig army

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    The result of the bursting of the largest asset bubble in world history... C'mon man, you can't really be that obtuse? :confused:
     
  9. Big Fitz
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    Nice chart Naturegirl.

    That said, it should also be compared to the size of the GDP and show where it grew and fell in comparison to who was in charge.

    I also would like it to note that during the first Bush Presidency, the control of the Senate switched back to the Dems and is not shown here thanks to the "Jumpin' Jim" Jeffords incident which put Tom Daschle (D-SD) in charge for a stretch.
     
  10. Big Fitz
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    No other bubble is mentioned. Why should this one be as well? Besides the government was the root cause of the largest asset bubble in history.
     

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