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Yeah, you'll notice, of course, that the national debt always declined
during Democrat administrations. Or am I reading it wrongly? John H Bush the Second absolutley outperformed Bill Clinton in the national debt category. Bush the Second was able to increase the debt as much in *four* years as it increased in *eight* under Clinton. Had we continued to run the surplus that prevailed when Clinton left office, the debt would have decreased. Instead we decided that wise fiscal policy involved reducing the government income via tax breaks to billionaires while increasing government outgo by rubber stamping every spending bill passed by the Republican controlled house and senate. By the way, did you know the US government has been writing bad checks since October 14? That's the day we exceeded our debt ceiling, but the administration wanted to keep that fact hidden from the public until after the election: *********** The Republican-controlled Congress put off dealing with the debt ceiling before adjourning last month, preferring not to force members to vote on the politically sensitive issue of adding to the national debt before the elections. The government hit the current debt ceiling of $7.384 trillion Oct. 14, forcing Treasury to begin a series of bookkeeping maneuvers to keep financing the government's operations. ********* Excerpted from: http://www.boston.com/business/artic...ation_pressure s_congress_to_raise_debt_ceiling/ |
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