Off-Topic: U.S Debt Clock

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	Name:	MartiniMan -
	Subject:	U.S Debt Clock
	Date:	7/8/2009 12:04:44 PM

I suppose your point is to try to show the debt increase under Reagan and Bush and GW and that is fair game to a point. The fact is that both Reagan and Bush 41 had a Democrat-controlled House and/or Senate to contend with. The fact also is that tax revenues increased under Bush and Reagan so the problem was with government spending, not tax policy. Thank you for giving me the opportunity to point that out.

What I find particularly ironic is the reduction in debt under Clinton. It continued to rise until 1994 when Republicans took control of the House and Senate. Further, Clinton was the first President to truly take full advantage of the peace dividend as the vast majority of his cost reductions were in the defense area and spending on domestic programs were tempered by the Republican-led Congress. Finally, he also raised taxes in his words "too much" which caused a mini-economic slowdown that cost Algore the Presidency. So his temporary increase in revenues reached its inevitable conclusion of economic slowdown and increasing debt.

As for GW, I think we all know he was no fiscal conservative and knew that when he ran for office (the fruit not falling very far from the tree). We also know that Republicans in Congress abandoned their fiscal conservative principals as well and have been properly punished by the electorate. He also had to deal with the 9/11 economic slowdown although because his response was to cut taxes so the economy recovered very quickly (not too subtle hint for the Messiah).

The numbers are what they are but a little perspective and history lesson puts them into the proper perspective. However, as a little exercise in reality I would suggest you print this out and draw in the $1.4 trillion in new debt we are going to get from Obama and the Dem-led Congress and explain to me where all the deficit hawks on the left when Bush was President have gone. I did just that and if I could figure out how to post it here it would make any thinking American sick to their stomach.

Other messages in this thread:

View Entire Thread

U.S Debt Clock - MartiniMan - 7/8/2009 9:57:17 AM

U.S Debt Clock - Lady - 7/8/2009 11:11:13 AM

U.S Debt Clock - Summer Lover - 7/8/2009 11:26:00 AM

U.S Debt Clock - MartiniMan - 7/8/2009 12:04:44 PM

Lady - water_watcher - 7/8/2009 12:13:08 PM

U.S Debt Clock - Talullahhound - 7/8/2009 12:03:58 PM

Gives drunken sailors - MartiniMan - 7/8/2009 12:05:26 PM

Gives drunken sailors - Talullahhound - 7/8/2009 2:49:47 PM

P.S. - Talullahhound - 7/8/2009 5:15:25 PM

12/12/12 - MartiniMan - 7/8/2009 5:31:38 PM

I'll take that bet - lazarous - 7/9/2009 8:12:41 AM

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