Lets compare Debt as & of GDP: NOTE: It began to run away with Reagan, then Daddy Bush, fell dramatical under Clinton, then through the roof with W Bush.
Kennedy/Johnson D 1961-1965 -8.3% Johnson Lyndon Johnson D 1965-1969 -8.3% Nixon1 Richard Nixon R 1969-1973 -3.0% Nixon2 Nixon/Ford R 1973-1977 +0.2% Carter Jimmy Carter D 1977-1981 -3.3% Reagan1 Ronald Reagan R 1981-1985 +11.3% Reagan2 Ronald Reagan R 1985-1989 +9.3% Bush GHW George H. W. Bush R 1989-1993 +15.0% Clinton1 Bill Clinton D 1993-1997 -0.7% Clinton2 Bill Clinton D 1997-2001 -9.0% Bush GW1 George W. Bush R 2001-2005 +7.1% Bush GW2 George W. Bush R 2005-2009 +20.0% Obama1 Barack Obama Pending
So lets talk Debt!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
I agree Shadow.. We don't know the amount of debt that this administration WILL incur... BUT, We can look back at previous administrations for a look at which ones added to the debt, and which ones decreased or held the debt. (Clinton did his debt reduction and balanced budgets in spite of a REPUBLICAN CONGRESS.)
Let me look at the numbers...... HUH! Not a surprise to me, but a huge surprise to all the ditto heads and Fox Freaks that believe the propaganda.
(NOTE... Be Prepared For Change of Subject)
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Both parties have helped to spend this country into a hole but the savings that Clinton was touting were future savings on paper only not really cold hard cash yet.
First....a lot of clintons savings came from defense cutting. Same as what the white house is presently proposing to help pay for the deficit. CUTTING DEFENSE....OMG!
Second..........If health care and the stimulus and the bailouts, and cash for clunkers, is such a success and supposedly applauded by the electorate.....why aren't any of the dems running their campaigns on these achievements instead of steering away from them? DUH!
This election cycle...people will be looking hard and long before they pull a lever for anyone from EITHER party.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
First....a lot of clintons savings came from defense cutting. Same as what the white house is presently proposing to help pay for the deficit. CUTTING DEFENSE....OMG!
Second..........If health care and the stimulus and the bailouts, and cash for clunkers, is such a success
Health Care savings have yet to take place as the plan is just now beginning to take effect.
bailouts and other stimulus plans were an emergency measure to slow the Bush Economic Meltdown... Reversing the Bush agenda that got us here is the solution.
Defense Spending... OMG is right.
Lets just say that GWB had NOT invaded Iraq. Saddam might still be in power, but much weaker than he was. There still would be NO WMD's, and Saddam would still oppose AlQaeda since they were a threat to his power.
So no Iraq war so NO DEFENSE SPENDING CUTS... just no war. How much would you and I have saved in Tax Dollars (and more importantly the 4300 Americans killed in Iraq)
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Reminder - Congress is responsible for spending and debt. The why it's the CBO(Congressional Budget Office) and not the PBO(Presidential Budget Office)The executive branch cannot spend money without authority from Congress.
Reminder - Congress is responsible for spending and debt. The why it's the CBO(Congressional Budget Office) and not the PBO(Presidential Budget Office)The executive branch cannot spend money without authority from Congress.
So then Cicero... To Bumbles point of Clinton cutting Defense Spending... Then you blame the Republican Congress under Gingrich , NOTClinton, for Defense Spending in the Clinton Years???
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
So then Cicero... To Bumbles point of Clinton cutting Defense Spending... Then you blame the Republican Congress under Gingrich , NOTClinton, for Defense Spending in the Clinton Years???
I don't blame the Republicans, I commend both them and Clinton. They had a huge defense surplus do to the cold war build up and eventual colapse of the Soviet Union. Clinton benefited from what is considered to be the peace dividend. Budgets were developed for the relatively peacful time without the fear of the Soviet Union.
Quoted Text
General Dynamics built 947 M1 tanks in 1987; it has not built one since 1993. The Reagan administration advocated the purchase of 29 Seawolf-class nuclear submarines, but only three have been built. Reagan was spending his way toward a 600-ship Navy and almost got there, with 591 ships in 1989; today the Navy has 295 ships.
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