Open Question: Did anybody hear the joke about how the GOP will start cutting spending if we give them another chance ?

30 July 2010, 5:32 pm

National Debt When Jimmy Carter started: $660 billion. Debt added during Carter's four years: $337 billion Debt added during Ronald Reagan's eight years: $1.6 trillion Debt added during George H. W. Bush's four years: $1.6 trillion Debt added during Bill Clinton's eight years: $1.5 trillion Debt added during George W. Bush's eight years: $5.2 - $5.7 trillion (mixed numbers). Debt added to-date Barack Obama: $1.8 - $2.4 trillion (mixed numbers). Portion of the $10.5 trillion added to the national debt during the past 32 years that came during Republican presidencies: $8.7 trillion. Percentage of that $8.7 trillion added during George W. Bush's two terms: 63%. 2 Wars, Medicare D = UNFUNDED = Off The Books 2 Financial Recessions/Meltdowns Morgan Stanley, AIG, GM, Goldman Sachs, Health Care cost explosion BP/Gulf Oil Crisis – lack of regulation/oversight GOP Congress 1994-2006 Bush POTUS 2000-2008 George W. Bush did NOT veto 1 single piece of SPENDING legislation in 8 years – http://www.cbpp.org/cms/index.cfm?fa=view&id=3036 ALWAYS VOTE SMART, NOT BLINDLY…... Read More »

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