Dick Cheney Said, "The Debt Doesn't Matter, Reagan Proved That"

The debt matters now.

So why now? Why didn't it matter when Republicans spent like Amy Winehouse in Amsterdam on two (unpaid for) wars, Medicare Part D (unpaid for) and tax cuts (unpaid for)?

Um, because debt to GDP is way higher now than it was then, and that's the only figure that really matters? Or is that too complicated for ya, Nancy?

Of course it's higher now. Our GDP dropped. But that ratio has been higher in the past. Why this time so much drama?
 
I always knew Dems admired Cheney, just look at how Obama is following his foreign policy
 
The debt matters now.

So why now? Why didn't it matter when Republicans spent like Amy Winehouse in Amsterdam on two (unpaid for) wars, Medicare Part D (unpaid for) and tax cuts (unpaid for)?

It mattered then.

More now.

Yep...it mattered then and after Obama inheirited a $400 billion a year interest payment from those who had no sense it just goes on:

Total U S Debt

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00
09/30/1980 $907,701,000,000.00
09/30/1979 $826,519,000,000.00
09/30/1978 $771,544,000,000.00
09/30/1977 $698,840,000,000.00
06/30/1976 $620,433,000,000.00
06/30/1975 $533,189,000,000.00
06/30/1974 $475,059,815,731.55
06/30/1973 $458,141,605,312.09
06/30/1972 $427,260,460,940.50
06/30/1971 $398,129,744,455.54
06/30/1970 $370,918,706,949.93
06/30/1969 $353,720,253,841.41
06/30/1968 $347,578,406,425.88
06/30/1967 $326,220,937,794.54
06/30/1966 $319,907,087,795.48
06/30/1965 $317,273,898,983.64
06/30/1964 $311,712,899,257.30
06/30/1963 $305,859,632,996.41
06/30/1962 $298,200,822,720.87
06/30/1961 $288,970,938,610.05
06/30/1960 $286,330,760,848.37
06/30/1959 $284,705,907,078.22
06/30/1958 $276,343,217,745.81
06/30/1957 $270,527,171,896.43
06/30/1956 $272,750,813,649.32
06/30/1955 $274,374,222,802.62
06/30/1954 $271,259,599,108.46
06/30/1953 $266,071,061,638.57
06/30/1952 $259,105,178,785.43
06/29/1951 $255,221,976,814.93
06/30/1950 $257,357,352,351.04
 
I think it's obvious what Cheney meant. The debt doesn't matter when there is a Republican President. Otherwise, it is the single most important issue of all time.

care to Compare the Debt and Deficit as a % of GDP between today and when Reagan was in Office?

LOL

Sure.

1982
Budget = 23.1% of GDP
Revenue = 19.2%
Deficit = 4%

2010
Budget = 23.8% of GDP
Revenue = 14.9%
Deficit = 8.9%

Hmm. Now, what could be the problem today that wasn't the problem during Reagan?

Hmm.

We have a NeoMarxist in the White House
 
So why now? Why didn't it matter when Republicans spent like Amy Winehouse in Amsterdam on two (unpaid for) wars, Medicare Part D (unpaid for) and tax cuts (unpaid for)?

It mattered then.

More now.

Yep...it mattered then and after Obama inheirited a $400 billion a year interest payment from those who had no sense it just goes on:

Total U S Debt

09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)

09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)

09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00
09/30/1980 $907,701,000,000.00
09/30/1979 $826,519,000,000.00
09/30/1978 $771,544,000,000.00
09/30/1977 $698,840,000,000.00
06/30/1976 $620,433,000,000.00
06/30/1975 $533,189,000,000.00
06/30/1974 $475,059,815,731.55
06/30/1973 $458,141,605,312.09
06/30/1972 $427,260,460,940.50
06/30/1971 $398,129,744,455.54
06/30/1970 $370,918,706,949.93
06/30/1969 $353,720,253,841.41
06/30/1968 $347,578,406,425.88
06/30/1967 $326,220,937,794.54
06/30/1966 $319,907,087,795.48
06/30/1965 $317,273,898,983.64
06/30/1964 $311,712,899,257.30
06/30/1963 $305,859,632,996.41
06/30/1962 $298,200,822,720.87
06/30/1961 $288,970,938,610.05
06/30/1960 $286,330,760,848.37
06/30/1959 $284,705,907,078.22
06/30/1958 $276,343,217,745.81
06/30/1957 $270,527,171,896.43
06/30/1956 $272,750,813,649.32
06/30/1955 $274,374,222,802.62
06/30/1954 $271,259,599,108.46
06/30/1953 $266,071,061,638.57
06/30/1952 $259,105,178,785.43
06/29/1951 $255,221,976,814.93
06/30/1950 $257,357,352,351.04

Obama, the Powerless, Downgraded President
 
The debt matters now.

So why now? Why didn't it matter when Republicans spent like Amy Winehouse in Amsterdam on two (unpaid for) wars, Medicare Part D (unpaid for) and tax cuts (unpaid for)?

Um, because debt to GDP is way higher now than it was then, and that's the only figure that really matters? Or is that too complicated for ya, Nancy?

Well hey there imbecile! I thought you had me on ignore. Were you LYING?

What's responsible for that high GDP? What were President Obama's contribution to that?
 
So why now? Why didn't it matter when Republicans spent like Amy Winehouse in Amsterdam on two (unpaid for) wars, Medicare Part D (unpaid for) and tax cuts (unpaid for)?

Um, because debt to GDP is way higher now than it was then, and that's the only figure that really matters? Or is that too complicated for ya, Nancy?

Well hey there imbecile! I thought you had me on ignore. Were you LYING?

What's responsible for that high GDP? What were President Obama's contribution to that?

Damn, made me look.
GDP has been stagnant for 3 years while debt has climbed.
Is that too complicated for you, Mary?
 
We have a NeoMarxist in the White House

Is that your new N-word?

TruthMatters ask that you always post after her so she won't look like the stupidest poster in the thread

Ya gotta love it when the Repugnants start talking about the GDP and the percentages. The fact of the matter is that both the Bushes and Reagan cut taxes by trillions of dollars so their wealthy friends and corporations would have a walk in the park and increased the debt more than at any time in America's history.

In the 1950's when we were in debt from the 2 WW anybody in this country who earned more than $300,000 per year paid 91 percent of the excess in taxes. Back then people paid their share.

In the late 1940's and early 1950's a corporate executive made about 4 or 5 times what a carpenter earned. By the 1970's that multiplier was 50 times. Guess what it was last year. The average CEO in this country earned 550 times what an assembly line worker earned and that doesn't even include the corporate jet(tax free) and the golden umbrella. What a goddam mess the greedy rich people have made of this country. I'm 77 years old and when I was in my 20's, 30's if anyone had told me that this would ever happen I would have thought they were crazy. Everybody used to be fair minded. Corporations shared with their employees and paid taxes to the government. Now they look at the bottom line profit and would suck a biggie just to make it a higher percentage. I'm ashamed of the way our country has gone down the tubes by relocating companies to other countries and absolutely screwing the middle class.
 
I think it's obvious what Cheney meant. The debt doesn't matter when there is a Republican President. Otherwise, it is the single most important issue of all time.

care to Compare the Debt and Deficit as a % of GDP between today and when Reagan was in Office?

LOL

Sure.

1982
Budget = 23.1% of GDP
Revenue = 19.2%
Deficit = 4%

2010
Budget = 23.8% of GDP
Revenue = 14.9%
Deficit = 8.9%

Hmm. Now, what could be the problem today that wasn't the problem during Reagan?

Hmm.

Deficit more than twice the % of GDP,
and I notice you failed to show the Debt as a % of GDP why is that? Could it be because it is higher than it has been since WWII?

lol
 
Is that your new N-word?

TruthMatters ask that you always post after her so she won't look like the stupidest poster in the thread

Ya gotta love it when the Repugnants start talking about the GDP and the percentages. The fact of the matter is that both the Bushes and Reagan cut taxes by trillions of dollars so their wealthy friends and corporations would have a walk in the park and increased the debt more than at any time in America's history.

In the 1950's when we were in debt from the 2 WW anybody in this country who earned more than $300,000 per year paid 91 percent of the excess in taxes. Back then people paid their share.

In the late 1940's and early 1950's a corporate executive made about 4 or 5 times what a carpenter earned. By the 1970's that multiplier was 50 times. Guess what it was last year. The average CEO in this country earned 550 times what an assembly line worker earned and that doesn't even include the corporate jet(tax free) and the golden umbrella. What a goddam mess the greedy rich people have made of this country. I'm 77 years old and when I was in my 20's, 30's if anyone had told me that this would ever happen I would have thought they were crazy. Everybody used to be fair minded. Corporations shared with their employees and paid taxes to the government. Now they look at the bottom line profit and would suck a biggie just to make it a higher percentage. I'm ashamed of the way our country has gone down the tubes by relocating companies to other countries and absolutely screwing the middle class.

Why doesn't the Neo-Marxist Dem Party run on a 91% Good Old Days Income Tax?
 
Is that your new N-word?

TruthMatters ask that you always post after her so she won't look like the stupidest poster in the thread

Ya gotta love it when the Repugnants start talking about the GDP and the percentages. The fact of the matter is that both the Bushes and Reagan cut taxes by trillions of dollars so their wealthy friends and corporations would have a walk in the park and increased the debt more than at any time in America's history.

In the 1950's when we were in debt from the 2 WW anybody in this country who earned more than $300,000 per year paid 91 percent of the excess in taxes. Back then people paid their share.

In the late 1940's and early 1950's a corporate executive made about 4 or 5 times what a carpenter earned. By the 1970's that multiplier was 50 times. Guess what it was last year. The average CEO in this country earned 550 times what an assembly line worker earned and that doesn't even include the corporate jet(tax free) and the golden umbrella. What a goddam mess the greedy rich people have made of this country. I'm 77 years old and when I was in my 20's, 30's if anyone had told me that this would ever happen I would have thought they were crazy. Everybody used to be fair minded. Corporations shared with their employees and paid taxes to the government. Now they look at the bottom line profit and would suck a biggie just to make it a higher percentage. I'm ashamed of the way our country has gone down the tubes by relocating companies to other countries and absolutely screwing the middle class.

In your own words, without Googling, what does a CEO do?
 
In Richard Clarke's book he told that in George W. Bush's first cabinet meeting Cheney said, "The Debt Doesn't Matter, Reagan Proved That." He was referring to the fact that in 1981 the debt was less than $1 trillion and when George Herbert Walker Bush left office in 1993 the debt had quadrupled to more than $4 trillion.

Of course during the two terms of George W. Bush he cut taxes twice...in 2001 and 2003 and doubled the national debt from $5.7 trillion to over $11 trillion.
It's an old Family Tradition....​

11/20/02

"When Bush left the White House, the last debt numbers published by the Bush Regime was $5.66 trillion, when, in fact, the actual size of the debt was about $14 trillion. In other words, the national debt was about three times the stated numbers.

Clinton got very nervous because one of the things he had done very early in the regime was try to get his people to figure out how much the nation was in debt and what the actual size of the then current budget deficit was. Nobody in the Clinton Administration knew. They knew they were inheriting a federal budget deficit.

The Bush Administration had publicly stated that the federal budget deficit for fiscal 1992 was $360 billion. As it turned out, the fiscal budget deficit for 1992 going into calendar year 1993 was over $700 billion.

Like most people in Washington, Clinton understood that Ronald Reagan was a figurehead and that it was really the Bush Cabal, which was running things for all of those 12 years. He also understood that the Bush Cabal had perpetrated the greatest fraud ever committed against the American people and that the Bush Cabal had essentially destroyed the economy of the United States - which in fact they had."

 
Well fuck there is your license to spend spend spend

George_Bush_RepubliCard.jpg


Maybe.....after we've paid-off
Lil' Dumbya's balance.
 

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