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Who is to Blame for the National Debt?
vanity | 7/21/2012 | MrChips

Posted on 07/21/2012 10:38:42 PM PDT by MrChips

In concert with the "Blame Bush" mentality, the general Leftist mantra (per talking points from Axelrod) is that our nation has been going bankrupt because of Bush's War in Iraq (a war supported by Democrats and Republicans alike). We can ignore, here, the fact that Obama's spending in Afghanistan far exceeds what Bush spent. And while we could debate the merits of both wars ad nauseum, it is more important to point out the fact that just the first two years of Obama's slush fund for political friends . . . er, uh, the "stimulus" . . . cost more than the entire cost of the Iraq War under President Bush, or six years.

Both parties are to blame for the national debt. No one is arguing that isn't the case. But, Here are the actual numbers, as of 6/21/2012:

National Debt that has been incurred during 8 year terms of:

Clinton $1,539,684,631,121 . . . ($16,038,381,574 per month)

Bush $4,899,100,310,608 . . . ($51,032,294,902 per month)

vs.

National Debt that has been incurred during the 3 1/2 years of:

Obama $5,152,766,313,572 . . . ($125,677,227,160 per month)

The Obama administration's rate of spending is more than twice that of President Bush! It's about 2 1/2 times as much.

And then there is Congress. Whereas it is true that Republicans tended to overspend during the years 2003-2007, for which they paid dearly at the ballot box, keep in mind that Clinton's rate of spending declined precipitously after 1994, the year the Republican took Congress. Moreover, if you look at the overall spending from 1992 to 2012, you will find this:

When Republicans had full control of Congress:

$3,216,007,779,169 . . . ($26,800,064,826 per month)

When Republicans and Democrats shared control of Congress:

$2,526,350,471,142 . . . ($60,151,201,694 per month)

When Democrats had full control of Congress:

$5,970,755,227,430 . . . ($82,927,155,937 per month)

When the Democrats seized control of congress and the budget process in January 2007, the average accumulating debt jumped from $47.8 billion per month to $81.3 billion per month. Then, when Obama was inaugurated, the accumulating debt skyrocketed to an average high of $141 billion per month. Since the GOP got control of the House in January 2011, the national debt growth has been reduced by an average of nearly $38 billion per month. Democrats in control of congress have incurred nearly three times the average monthly debt that republicans had incurred since January 1992.

What's worse, while the national debt has nearly eclipsed $16 trillion, our actual unfunded liabilities that must be paid by our children and future generations now exceed $62 trillion. Federal spending is out of control, and has been out of control since FDR, whom, I believe, was a Democrat.

SOURCE OF NUMBERS: United States Department of the Treasury


TOPICS: Society
KEYWORDS: nationaldebt

1 posted on 07/21/2012 10:38:52 PM PDT by MrChips
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To: MrChips

Everyone who voted to spend money we didn’t have!


2 posted on 07/21/2012 10:41:34 PM PDT by tallyhoe
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To: MrChips

The last 2 presidents and congress since Clinton left office.


3 posted on 07/21/2012 10:43:25 PM PDT by wolfman23601
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To: MrChips
I'm not sure who is, but I'm damned sure it ain't me! My number one candidate would be the tax and spend Democrats Communists led by the Kenyan-in-Chief in the White House!



Genuflectimus non ad principem sed ad Principem Pacis!

Listen, O isles, unto me; and hearken, ye people, from far; The LORD hath called me from the womb; from the bowels of my mother hath he made mention of my name. (Isaiah 49:1 KJV)

4 posted on 07/21/2012 10:44:56 PM PDT by ConorMacNessa (HM/2 USN, 3/5 Marines RVN 1969 - St. Michael the Archangel defend us in Battle!)
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To: MrChips

Congress is.


5 posted on 07/21/2012 10:46:10 PM PDT by Lurker (Violence is rarely the answer. But when it is, it is the only answer.)
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To: MrChips

Its a non-issue. If we don’t stop the imports and illegals our industry will go overseas and jobs will be taken by the invaders. No amount of lower taxes and lower regulations will be lower than Chinese slave labor and zero regs. Tariffs and Borders are the answer.


6 posted on 07/21/2012 10:46:10 PM PDT by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: MrChips

bump


7 posted on 07/21/2012 10:48:12 PM PDT by Java4Jay (The evils of government are directly proportional to the tolerance of the people.)
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To: tallyhoe

“Everyone who voted to spend money we didn’t have!”

Unfortunately that includes many here, who DEMAND that their Social Security money (i.e., welfare) keep flowing, even though that money was spent decades ago, by people they collectively elected. Now the only people left to meet their demands are my kids, and some day their kids.


8 posted on 07/21/2012 10:49:34 PM PDT by BobL
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To: MrChips

The American people. We didn’t put our foot down louder, harder and sooner. We have voted these people into office. We have been lazy. Heck, I have read some gazilloniares didn’t even bother to vote in the past. I know several regular folk who have never voted but intend to now and some that STILL won’t bother.

We have allowed so much to slip through our fingers...we have been flippant with the liberty gifted us. We were not guardians. Not all, I realize but generally speaking.


9 posted on 07/21/2012 10:49:44 PM PDT by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
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To: MrChips

and to think Barry bitched about this in 2008. as of now, its all his! he wanted the presidency,,he owns the debt!


10 posted on 07/21/2012 10:51:19 PM PDT by Reality_News
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To: MrChips
One cannot blame it all on Congress. Bush II had the veto pen. He chose not to use it. So he deserves blame. The only reason Bush looks good is that Obama is so much worse.

When it comes to the national debt:

Bush: very bad
Obama: very, very bad

11 posted on 07/21/2012 10:51:36 PM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: Irenic

You are correct.


12 posted on 07/21/2012 10:54:58 PM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: Irenic; All

YES, The American People.....and the STATES....you all really should listen to this 42 minute program about States Rights....it’s an interview with a Utah Legislator/Attorney ... and he makes some EXCELLENT points, while saying Americans need to be MORE engaged and educated about OUR system, which is out of whack right now.... http://www.ispyradio.com.... look for the program on the TENTH Amendment...it’s available for download now, after airing earlier today.


13 posted on 07/21/2012 10:58:13 PM PDT by goodnesswins (What has happened to America?)
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To: Irenic; ConorMacNessa

You are both correct. While we snoozed the feds have printed up almost insurmountable debt.

Squeezing it back out of the system will be real tough...

Like CWII tough.


14 posted on 07/21/2012 11:00:04 PM PDT by One Name (Go to the enemy's home court and smoke his ass.)
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To: One Name

That would be me, Sorry I borrowed so much.


15 posted on 07/21/2012 11:04:38 PM PDT by tommythev (No Dick Dale in the R&R HOF? for shame!)
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To: One Name
Many have snoozed, but I am not among them. I will not accept blame for the morass in which we are now caught. I have steadfastly voted for Conservative candidates for office since I came of age to vote. The leftist morons who inhabit this nation and who elect people like Obama are to blame. He's done enough damage in three years to undo the efforts of over two centuries of Patriots and citizen-soldiers. Another four years of him and we're done!



Genuflectimus non ad principem sed ad Principem Pacis!

Listen, O isles, unto me; and hearken, ye people, from far; The LORD hath called me from the womb; from the bowels of my mother hath he made mention of my name. (Isaiah 49:1 KJV)

16 posted on 07/21/2012 11:11:43 PM PDT by ConorMacNessa (HM/2 USN, 3/5 Marines RVN 1969 - St. Michael the Archangel defend us in Battle!)
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To: MrChips

Us. We let the bastards do it.


17 posted on 07/21/2012 11:14:07 PM PDT by Trod Upon (Obama: Making the Carter malaise look good. Misery Index in 3...2...1)
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To: wolfman23601
It's been going on since FDR and his "New Deal" BS.

Everyone found out they can feed at the treasury trough and all they have to do is pull the "Democrat" lever once every four years.

Good return for little work.

The Kenyan must go.

18 posted on 07/21/2012 11:15:18 PM PDT by ex91B10 (We've tried the Soap Box,the Ballot Box and the Jury Box; ONE BOX LEFT!)
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To: MrChips
It is not only the debt, it is the unfunded liabilities that are killing the U.S. When you look at those liabilities, you have to look at the beginning.

Since the 1930’s the Democrats have controlled congress almost completely including a stretch from 1954 to 1994. prior to that the Democrats controlled the House from 1933 - 1945 non stop. This is when MOST of the seeds where sown for the ultimate destruction of America.

Social Security, Massive Farm bills and massive WPA and Depression Era Departments and programs that continue to this day. That followed by Years of Democrat shenanigans with the massive increase of Social spending during the 1960’s culminating in the Great Society blunders of Medicare and Medicaid and a slew of other programs that ratcheted up the government spending spigot.

The least understood cause of fiscal insanity was the Congressional Budget Office and the insane practice of the baseline budget that sees a lowering of an increase as a decrease in spending. This little jewel was brought to us by the Democrats in the Congressional Budget and Impoundment Control Act of 1974. This was ramrodded through as a lie to offer cover for Democrats continued excess spending and signed into law by Nixon. One of his many bad ideas like the EPA.

So all in all based on the history, The Democrat Party has done a great job of setting up the country for financial calamity throughout the past century, much like they set the country up for calamity in the previous century as the proponents of slavery and secession.

19 posted on 07/21/2012 11:16:33 PM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Leaning Right

Perhaps. But, does the war on terror have merit? Was hiding the cost of it necessary because it was unpopular?


20 posted on 07/21/2012 11:17:27 PM PDT by MrChips (MrChips)
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To: MrChips
Who is to Blame for the National Debt?

The vast majority of the debt can be attributed to democRATs/socialist/liberals, although the Pubbies have their share.

5.56mm

21 posted on 07/21/2012 11:20:24 PM PDT by M Kehoe
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To: MrChips

The left never lists Bush’s No child left behind act, or the perscription drug benefit as being Bush’s contribution wo wild overspending, even though those are gigantic additions to the debt. ONLY the wars add to the debt.


22 posted on 07/21/2012 11:20:55 PM PDT by Vince Ferrer
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To: Jim from C-Town

Yes. It would be interesting to see the actual numbers for 1954 through 1994. How many of those years when the Dems controlled the House was there a Republican Senate?


23 posted on 07/21/2012 11:21:11 PM PDT by MrChips (MrChips)
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To: MrChips

[ Who is to Blame for the National Debt? ]

Americas Seniors that has steadfastly NOT allowed reducing or even restructuring social security and any other program that Older Americans use...

Thats WHO... people that SHOULD know better but don’t..
DON’T cut my programs or even limit them to people that need them..
MAny American have enough resources they don’t really need Seniors programs.. BUT get them BY LAW anyway..

Yeah its the OLD PEOPLE that have produced the massive Socialism..
And who will accuse them, blame them, finger them?... NOBODY...
THAT SHOULD STOP... NOW!!!!!!!..


24 posted on 07/21/2012 11:25:17 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: ConorMacNessa

the “we” was collective- not accusatory.

The rate at which our system has been destructed exceeds anything I would have believed possible.

I thought I’d be an old dude whittling on the porch before the USA melted down. Not so sure now, but at least I’m old enough now to not care as much about me...


25 posted on 07/21/2012 11:25:45 PM PDT by One Name (Go to the enemy's home court and smoke his ass.)
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To: MrChips

Because many of our ‘leaders’ in gov’t, business, and education, have turned their back on God, there is precious little they care about other than themselves and their near-term pleasure. As a result, the immorality of sticking huge burdens of debt to our children and their children doesn’t really bother them.

Because the free market is not allowed to rule, most important markets are manipulated and/or distorted. Since the self-correcting mechanism of the free market would have us not only avoid an economic collapse, but we’d now be on the road to prosperity again (referring to 2008).

Therefore the blame lies in the rejection of Jesus Christ as Lord and Savior and a failure to allow the ‘invisible hand’ of the free market to determine economic destiny.


26 posted on 07/21/2012 11:30:40 PM PDT by MichaelCorleone ('We the People' can and will take this country back...starting today.)
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To: MrChips
does the war on terror have merit?

Yes, the money spent there was well-spent, at least initially. But here again Bush bungled the job. He traded in a quick, decisive victory for PC "nation-building."

One of my favorite quotes, from Sun Tzu, the Art of War:

"No long war ever profited any country. 100 victories in 100 battles is simply ridiculous."

27 posted on 07/21/2012 11:59:29 PM PDT by Leaning Right (Why am I carrying this lantern? you ask. I am looking for the next Reagan.)
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To: MrChips
Usually NO! However all spending , except apparently Obamacare starts in the House. They control the purse strings and almost always control the votes due to the rules of the Congress.

I am not saying the Republicans didn't help, but the Democrats have controlled the Legislature a vast majority of the past hundred years.

28 posted on 07/22/2012 12:01:09 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: MrChips

Who is responsible? Everyone bears a burden in some way, but primarily liberals.

Liberals (Democrats, environmentalists, statists, you name it) through their ties to unions, their destruction of the industrial base, their soiling and dumbing down of the educational systems, their massive government social programs, their handcuffing of industry and the private sector through legislation and environmental restrictions have made things the way they are today.

We all bear a burden. Us for not fighting it more vigorously, republicans for going along, but...primarily liberals of all stripes.


29 posted on 07/22/2012 8:15:50 AM PDT by rlmorel ("The safest road to Hell is the gradual one." Screwtape (C.S. Lewis))
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To: Jim from C-Town

It is liberalism, pure and simple. It is the mother’s milk of nearly all that ails this country.


30 posted on 07/22/2012 8:19:17 AM PDT by rlmorel ("The safest road to Hell is the gradual one." Screwtape (C.S. Lewis))
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To: MrChips
National Debt Chart

Shows each President, House, Senate and who spent what since this country's founding.

31 posted on 07/22/2012 9:44:56 AM PDT by CodeToad (History says our end is near.)
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To: CodeToad

Thanks!


32 posted on 07/22/2012 10:48:00 AM PDT by MrChips (MrChips)
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To: Jim from C-Town

Yes....I’ve heard we have $200 TRILLION between Debt and Unfunded Liabilities...


33 posted on 07/22/2012 1:33:39 PM PDT by goodnesswins (What has happened to America?)
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