OUR NATIONAL DEBT

What Did We Buy? and When Did We Buy It?

 

The Repoobs kept a Debt  Clock running in their national convention in Tampa.  As of this writing, it is reported to be above 16 $T. http://abcnews.go.com/Business/national-debt/story?id=17159803

 

Former President, Bill Clinton, told the Convention last night: "Republican economic policies quadrupled the national debt before I took office; in the 12 years before I took office ... and doubled the debt in the eight years after I left".  That means,  the madness began  with former President Reagan.  Remember David Stockman? He was Reagan's Budget Director, who revealed their plan to create "deficits as far as the eye can see".  Deficits create Debt!

 

How much money are we talking about?  What was the net increase for the national debt since Reagan?  In 1980, the debt was around 3 $T

http://en.wikipedia.org/wiki/United_States_public_debt.  So, since the Repoobs launched their "deficits as far as the eye can see" we now have a national public debt increase of about 13 $T.

 

What did we buy with all that money?   The national credit card has grown by 13000 $B over the 32 years during which we had a Repoob President for 20 years -- President Clinton produced surplusses during the only period we had a Democrat.  We can start with SDI, then add all of the Tax Cuts,  the Gulf War, The Iraq War, 9/11, the Afghanistan War, The War on Terror, Medicare Part D, and the creation of Homeland Security.   No President in our history started wars without providing a means to pay for them.  All this was charged to credit cards  by Repoobs!  Some of this "drunken sailor spending by Repoobs was put on "auto pilot"; spilling over into the Economic Implosion that waited for President Obama's inauguration.

 

Any voter who doesn't understand this, simply doesen't want to.  They're driven by unpatriotic motives to twist facts and give themselves total control of our Democracy.

Stay Vigilant!

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