• In the 1970’s, the national debt more than doubled, from $366 billion to $829 billion.
• In the 1980’s, the national debt more than tripled, from $829 billion to $2.9 trillion.
• In the 1990’s, the national debt almost doubled again, from $2.9 trillion to $5.6 trillion.
• In the 2000’s, the national debt is projected to more than double again, from $5.6 trillion to $12.9 trillion (projected national debt at the end of fiscal year 2009).
Just for giggles and lollipops, let's analyze who was in charge of the Spending and Budget AuthorityThe House of Representatives:
In the 1970's the Democrats held the House all 10 years.
In the 1980's the Democrats held the House all 10 years.
In the 1990's the Democrats held the House for 4 and The Republicans for 6 years.
In the 2000's the Democrats held the House for 10 years.
The only time we ever balanced the budget was when the Republicans held the house in the 1990's during the Gingrich Revolution.
The anti-Constitutional Progressives give the credit to Bill Clintonwho was forced to accept the budgets from the Republican-dominated House. In additionClinton only got to a balanced budget by gutting the military and called it the "Peace Dividend" that rather quickly led to a tragic series of missteps that opened the door for 911.
Anyone who blames people who want to balance the budget and make excuses for fools who want to spend money we don't have and then raise taxesis historically ILL-INFORMED and most often always DEMOCRAT to the core.
However, over time even the Republicans began to pitched gobs of cash wherever they could, just to make a good impression on the debtor nation the Democrats were grooming. Gotta keep them national defense and compassionate conservative votes coming, ya know.
© 2011 - 2012, Gabriel Thy. All rights reserved.