The Deficits Republicans Don't Want to Talk About

Truth Out ^ | Tuesday, 27 January 2015

[Wayne07]

And I'll guess that Lyndon Johnson ranks number one in terms of non-military spending increases.

The increases in 2008 and 2009 dwarf anything Johnson could have imagined in his wildest socialist dreams. But Johnson will have the last laugh, because it is his programs that will make up the biggest part of the debt growth in the future.

[zeestephen]

Re: “The increases in 2008 and 2009 dwarf anything Johnson could have imagined”

True.

But once you factor in inflation ($100 in 1968 = $612 in 2008), population growth (+50%), worker productivity (close to +100%), and median income (inflation adjusted close to +100%), the difference per capita is not huge.

Plus, Bush had some epochal challenges.

The most expensive terrorist attack in world history.

The most expensive natural disaster in US history (Katrina).

And, adjusted for inflation, the most expensive oil prices since the 19th Century.

But, that said, his “Compassionate Conservatism” and the Iraq War certainly added to those record deficits.

[trebb]

The national debt has skyrocketed under Obama, what imaginary world do these leftists live on?

If they had their way, it would have ballooned a lot more - the fact that it only went up astronomically instead of "universe-catastrophically" means that it was actually "slashed" by a large amount.

Makes perfect sense (even w/o the "/s").

[Cringing Negativism Network]

This is a huge issue, which neither political party is doing a single thing to reconcile.

We are now 18.1 trillion dollars in debt. Our national deficit with China is MASSIVE and it increases every single year.

Yet nobody is doing one single thing. Not Republicans. Not democrats.

Nobody.

[caww]

I don’t believe they’re going to do anything about it either.

Print more..spend more...and then kick the can once again.