Republicans are Responsible for our Soaring National Debt

Discussion in 'Politics' started by LilOlLady, Oct 21, 2012.

  1. LilOlLady
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    LilOlLady Gold Member

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    Republicans are Responsible for our Soaring National Debt
    Kevin Drum
    Aug. 28, 2012
    There's no special reason to display this graphic yet again — except maybe for the fact that (a) Jeb Bush is once more begging us to stop blaming stuff on his brother, (b) the Republican Party is about to embark on yet another nonstop yakathon about how the budget deficit is going to doom us all, and (c) the doom-monger in chief, Paul Ryan, will be speaking in prime time tomorrow.

    Plus Ezra Klein reminded me of this today. Click the link if you want more detail, but I think the chart pretty much speaks for itself. Nearly every single thing driving the current increase in public debt — tax cuts, wars, the recession, and measures to fight the recession — was a result of Bush-era policies that were enthusiastically supported by nearly every single Republican currently hanging out in Tampa. They only got religion after a Democrat won the White House and had to clean up the mess they left behind.

    Their success at convincing half the country that Barack Obama is responsible for our soaring debt is surely one of the greatest political propaganda victories of all time.
    Republicans are Responsible for our Soaring National Debt | Mother Jones
    :clap2::clap2::clap2:
     
  2. LilOlLady
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    LilOlLady Gold Member

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    Mitt Romney would add up to $5 trillion to the deficit
    President Obama cut taxes for every American worker and provided 18 tax cuts for small businesses to help them weather the recession, and has a balanced plan for reducing the deficit by $4 trillion. Mitt Romney wants to extend the Bush tax cuts for the wealthy, and would add his own tax breaks for millionaires on top of it, adding as much as $5 trillion to the deficit, while slashing investments in the middle class.
    Taxes & the Budget — Barack Obama
     
  3. OODA_Loop
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    OODA_Loop Account Terminated

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    Romney leads in electoral college.
     
  4. LilOlLady
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    LilOlLady Gold Member

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    Right-Wing Media Ignore Bush Effect On Debt
    To Suggest Obama Criticism Is Hypocrisy

    Right-wing media have seized on a 2008 video of then-candidate Barack Obama, in which he criticized President Bush for adding $4 trillion to the debt, to accuse Obama of hypocrisy because $4 trillion in debt has also accumulated since Obama took office. However, this ignores the fact that the Congressional Budget Office (CBO) projected $1.2 trillion in deficit before Obama took office -- based entirely on Bush's actions and economic conditions -- and that wars, policies, and the economic downturn that all began under Bush continue to inflate the debt.
    Right-Wing Media Ignore Bush Effect On Debt To Suggest Obama Criticism Is Hypocrisy | Research | Media Matters for America
     
  5. tyroneweaver
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    tyroneweaver Gold Member

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    if the national debt is so important to you libs why didn't you do something about it instead of passing a health care law no one wanted.
     
  6. Oddball
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    Oddball BANNED Supporting Member

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    MediaMutts...Boiking's own site...MuthaJones....

    Nothing to see here...:lol:
     
  7. emptystep
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    emptystep VIP Member

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    Fetch!
    [​IMG]
    :D
     
    Last edited: Oct 21, 2012
  8. CaféAuLait
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    CaféAuLait This Space for Rent

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    An article from Mother Jones and a graph from the Center on Budget and Policy Priorities a site whose description in its ‘about section’ which is described as 'socially liberal". Okay then.

    This crap is not just Bush's fault, it is both sides fault. Always want to forget Frank swearing there was no bubble and the dems having congress since 2007, of course there was no policy which upped the debt or decision making. Please.
     
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  9. kaz
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    kaz Diamond Member

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    True. They are also responsible for world hunger, comets that collide with the earth, obesity and teenage acne. Don't even start me talking about impacted ear wax...
     
  10. PaulS1950
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    PaulS1950 Senior Member

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    In less than twenty years the USA will be bankrupt and will be unable to even pay the interest on that debt.
    We can point fingers all day long and nothing will change.
    Nobody wants to vote for the only party who actually has a plan to get rid of the debt.
    Remember a balanced budget does nothing to get rid of the debt because we only pay the interest on it.
    We need to reduce the budget by at least 50% so we can start paying on the principal.
    Then if we pay 1 Trillion dollars on the debt plus the 800 Billion in interest then in about 16 or 17 years it might get paid off - if interest rates don't rise and if inflation doesn't go up and if the tax base continues to climb.
    It is up to your representatives and you - I kinda look forward to being occupied by the Chinese in my old age.
     
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