- Banned
- #1
How did we get all this debt? Let's look at the whole picture:
Let's start in the Johnson administration, when the debt rose from $305 Billion Dollars to $350 Billion Dollars. A total increase of $45 Billion Dollars over 5+ years
By the end of the Ford Administration the debt stood at $620 Billion Dollars. An Increase of $270 Billion Dollars over 8 Years.
The National Debt at the end of the Carter administration stood at $907 Billion Dollars. An Increase of $287 Billion dollars over 4 years.
During that entire period, Democrats held congress, so we'll halve the damage from the Nixon/Ford era.
So far the Democrats caused more debt, 467 Billion Dems to 135 Billion Reps, but here's where things start to change...
In January 1981, the House of Representatives went Republican on the wave of Reagan's popularity, and remained that way until 1987. This meant that Republicans were effectively in control of spending, having the House, the presidency and a good portion of the Senate.
During this period, the debt rose from 907 Billion to 2.2 Trillion Dollars, an increase of 1.3 Trillion Dollars.
For everyone keeping count, that is now 467 Billion Dems, 1.43 Trillion Reps.
(cont.)
Let's start in the Johnson administration, when the debt rose from $305 Billion Dollars to $350 Billion Dollars. A total increase of $45 Billion Dollars over 5+ years
By the end of the Ford Administration the debt stood at $620 Billion Dollars. An Increase of $270 Billion Dollars over 8 Years.
The National Debt at the end of the Carter administration stood at $907 Billion Dollars. An Increase of $287 Billion dollars over 4 years.
During that entire period, Democrats held congress, so we'll halve the damage from the Nixon/Ford era.
So far the Democrats caused more debt, 467 Billion Dems to 135 Billion Reps, but here's where things start to change...
In January 1981, the House of Representatives went Republican on the wave of Reagan's popularity, and remained that way until 1987. This meant that Republicans were effectively in control of spending, having the House, the presidency and a good portion of the Senate.
During this period, the debt rose from 907 Billion to 2.2 Trillion Dollars, an increase of 1.3 Trillion Dollars.
For everyone keeping count, that is now 467 Billion Dems, 1.43 Trillion Reps.
(cont.)