Budget Deficits under Reagan, Bush41 and Bush 43

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[hihats]

Obama deficit...13 trillion and counting

[Ralphdraw3]

@hihats Republicans couldn't have cared less about deficits - during Bush43, Bush41 and Reagan; now they are all very concerned. Bush policies helped create the recession, the recession causes increases in spending and decreases in revenue.

[hihats]

@Ralphdraw3

Ah...I see...well then...DEMS can blame Bush/Republicans forever ...and they will...and you'll vote them back into office ...what a winning strategy

[Ralphdraw3]

@hihats 3 Republican presidents - 20 straight years of deficit spending. AND NOW they are worried about the deficit?????????????? what bs...

[KNWProductions]

@Ralphdraw3 Bush's policies? How about Clinton and his wonderful idea to repeal the Glass-Steggall Act and allowed the idiots at Citigroup and Frannie-May/Freddie-Mac to do their whole thing. Furthermore, who nearly doubled the amount of special purpose government entities, which led to Enron and other market to market scandals; you guessed it Clinton Again. He then went onto nearly triple the size of of all the quasi-public agencies in the U.S. But Democrats had nothing with the debt, Right?

[Ralphdraw3]

@KNWProductions Dude, did I say Clinton was perfect? No. At least, Clinton didn't give out tax cuts like candy to the wealthiest people, and at least Clinton left office with a budget surplus. And at least Clinton stayed out of stupid and expensive wars (like Iraq).

BTW Most of the deregulation of finance/banks under Clinton was supported wholeheartedly by the Reublicans.

Special Purpose Entitties - Why didn't Bush and the Republicans get rid of them in 2001 or 2002 or 2003 or 2004 etc

[fret2424]

I wrote a blog about spending BEFORE Obama took office.

AND NO ONE CARED!!!!

•"In the last 6 years the US has borrowed 65% of the total money borrowed from all countries in the world" (2008)

•"In 2008 $412,000,000,000.00 of YOUR tax money was spent on INTEREST for our national debt."

•"By the end of 2009 the national debt will amount to $184,000.00 per American citizen (All ages) )predicted at the end of 2007)."

Top 3 (2007)

1.) Japan $623 B.

2.) China $477 B.

3.) Oil Exporters $117 B.

[saadasim]

Remember before election day that Republicans were saying that budget deficits didn't matter. That's like you ex-wife using your credit card and saying it didn't matter how much she charged on it. Remember to get a more budget friendly wife next time.

[kolar]

@hihats Public debt is not a Deficit. Deficits are budget shortfalls, what is spent over what is taken in by taxes and other revenue generation by Government. Get an education.

[alexeykh]

For all putting in their 2 cents, a yearly budget deficit is different than the national debt - which is over $14 trillion now (not all created by Obama).

[FistOfCheese]

@hihats It's not really blaming when it's stating the facts. Clinton is the only president in the last 30 years to have a balanced budget.

[Christhepolitic]

@hihats You're referring to the national debt, not deficits there. When G. W. Bush left the White House, the national debt was about 11 trillion dollars.

[Turtleproof]

@hihats Rational citizens- not Democrats alone- place blame equally on all those responsible. Clinton's compromises, Reagan's gifts to billionaires, Bush's gifts to billionaires, they all contributed to the debt.

Obama indeed contributes to the debt, but we must remember history and spread the blame to all responsible rather than scapegoating the black man.

[mr19932001]

@pretorious700 I'd like to point out that George HW Bush started the excursion in Somolia in December '92, just one month before leaving office. So he deserves some blame for that as well.

[ashleypoo1319]

@Ralphdraw3  Yeah and what happened to people's voices during the war? When bush was cost plus contracting everything out to blackwater and halliburton and so on, no one complained. When they were charging soldiers 100 bucks per bag of laundry, or blowing up semi's on the roads b/c they got flat tires... then charge the gov't for another one. Or setting up ridiculous ' morality' programs to police people's sexual tastes. ETC

[themeaningoflife38]

Nixon was puppet for Prescott Bush,Nixon made HW Bush ambassador to China.Bush came back from China and said there are millions of poor desperate people there ,huge American corporations could exploit them for slave labor.Then after 50 yrs of communism being the biggest threat to us,Nixon said,"Hey commies are ok now".

[KNWProductions]

@Ralphdraw3 Well thank you for admitting that. Most people blindly criticize the republican party. But Bush Jr. didn't get rid of the special purpose entities because many of them were in big oil (its all coming together). But when Enron scandal came out, he helped get the Sarbanes–Oxley Act. But that just pushed the government into backing alternative energies. Then he invaded Afghanistan, which is one of the richest countries in lithium. (why's the smart grid so important all of a sudden)

[KNWProductions]

@Ralphdraw3 And Obama just sent another 30,000 troops to Afghanistan (its a vicious cycle). I'm not saying Bush is perfect either, in fact I think he was worse than Clinton. But it angers me when you take half facts and use them to support sweeping generalizations about the republican party, when on both sides people are at fault. The two party system is killing us. The more you think about the reps., the more the dems. get away with, and vice a versa. It a cyclical parasitic frenzy.