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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
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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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