Who Owns The Debt and Deficit
It cracks me up to no end when you see Republican's demanding that we pay the debt when the man sitting in the White House is a Democrat. If you actually take the time to look at all the facts of where that debt came from and who actually authorized it, it was Republican Presidents! President Reagan started the steam roller of financial unbalance by selling the US Treasury to the highest bidder with his military build up and tax cutting giveaways to the top income earners in the country. Racking up $2 Trillion in debt but the nation was proud to fly the flag again. President Bush senior followed the gospel according to Ronnie and continued the Wimpy of Popeye fame tradition of "I will gladly pay you Tuesday for a hamburger today."
Along comes President Clinton and WORKING with a Republican Congress he balances the budget and actually has a plan to pay the ENTIRE NATIONAL debt off within ten years. The Treasury is running a surplus for the first time in decades but that is a bad thing to Republican's and the nation and we elect Bush Jr. who gives all the credit card payments to his buddies in the top 5% of income earners in the form of tax cuts and then opens up two wars and drives the national debt through the roof in two terms.
And the nation reacts to that by going into a recession and elected a Democrat to change the course. But if you look at all of the facts that the Republican's are espousing, President Obama is the cause of $14 Trillion in debt? It has nothing to do with President Bush scrubbing President Clinton's plan to pay off all of the debt? It has nothing to do with three Republican President's that went on drunken spending spree's. Obama owns it all. Is this more stereotyping from the extreme right where the black guy is always the one to blame? Total GOP bull crap and ridiculous!
Think about it.