For my lifetime I have been hearing the same formula ,
Republican against the Democrats, “tax and spend”.
What you rarely hear is what the Democratic formula should be against the Republicans, “borrow and spend.”
I found these statistics that follow may be boring ,
but they seem to be pretty accurate.
They tell the story of the illegitimate act of deception of Republicans.
The Republicans have held at least one branch of the federal government for all but four years since Ronald Reagan took office. During that same period, they have held the presidency for 20 years, the U.S. Senate for 16 years, and the U.S. House for 13 years.
From 1978 through 2005, federal spending increased 12% percent under Republican Presidents and 9.9% under Democrat Presidents. The national debt increased 36.4 percent under Republicans and 4.2% under Democrats, and the GDP increased 10.7 percent under Republicans and 12 percent under Democrats.
The fiscal year runs from Oct. 1 through Sept. 30. On Sept. 30, 2001, the end of the Clinton budgets, the national debt stood at $5.8 trillion dollars. On Sept. 30, 2009, the end of the Bush budgets, the debt stood at 11.9 trillion dollars — more than doubling the debt during Bush’s term.
President Bush’s last budget for fiscal year Oct. 1, 2008, through Sept. 30, 2009, had a deficit of $1.4 trillion dollars. President Obama’s first budget had a deficit of $1.2 trillion dollars — $200 billion less than Bush’s, and much of that coming from the not-big-enough stimulus bill.
And Republicans say Obama is spending us into oblivion.
What do all these statistics show?
That the Republicans are not the fiscal conservatives they say they are.
‘Supply-side’ economics, also known as ‘trickle-down economics,’ has not worked. It has led to an ever-increasing national debt. Republicans only worry about the deficit and national debt when they control the House and a Democrat holds the presidency.
Republicans have lied to the American people about supply-side economics from the beginning. Even with Reagan’s first budget, the Democrat-held House trimmed it by $16 billion dollars.
When will Republicans take responsibility for any of the fiscal mess we are in?
The Democrats are not be blameless, but a far larger blame must be attached to the Republicans.