Monday, October 13, 2008

GOP - Party of fiscal irresponsibility

This was a great post over at Daily Kos....

The national debt when Jimmy Carter arrived at the White House:

$660 billion.

Added during Carter's four years: $337 billion.

Added during Ronald Reagan's eight years: $1.6 trillion.

Added during George H. W. Bush's four years: $1.6 trillion.

Added during Bill Clinton's eight years: $1.5 trillion.

Added during George W. Bush's seven years, nine months: $4.5 trillion.

Portion of the $9.5 trillion added to the national debt during the past 31 years and seven months that came during Republican presidencies: $7.7 trillion.

Percentage of that $7.7 trillion added during George W. Bush's two terms: 58%.

Good Lord! When you look at the numbers like that it is just astonishing. Ronald Reagan set us on this mega-debt rollercoaster and Bush Sr. went along for the ride. Bill Clinton was just managing to put the brakes on when Bush Jr. got in there, threw the breaks away and sent us over a cliff.

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