NOW Liberals Care About the National Debt!

[mikegriffith1]

Why didn't liberals voice any concern about the national debt when Barack Obama was piling up more debt than George W. Bush and Ronald Reagan combined? And what did we have to show for all that debt? Answer: the weakest economic growth since the Great Depression, the worst median family income levels in decades, and the worst U6 unemployment rate for an 8-year period in decades. Liberals were okay with that debt because it came from government borrowing and spending. Yet now, suddenly, liberals are screaming about the national debt because they mistakenly believe that tax cuts will cause a decrease in federal revenue and that therefore tax cuts will increase the deficit and the debt, yet history shows that federal revenue has gone up after every major tax cut since the early 1900s.

Anyway, let's just get some facts straight about the debt:

• Obama added $7.9 trillion to the national debt in 8 years.
• Bush Jr. added $5.8 trillion to the national debt in 8 years.
• Clinton added $0 to the national debt in 8 years.
• Bush Sr. added $1.5 trillion to the national debt in 4 years.
• Reagan added $1.8 trillion to the national debt in 8 years.

If the Republicans had not forced some modest spending restraint on Obama in his last three years, he likely would have ended up adding more debt than the Bushes and Reagan combined did in 20 years. The Republicans saved Obama from achieving that infamy, but Obama still piled up more debt than both Bushes did in 12 years and more debt than Bush Jr. and Reagan did in 16 years.

More info: Which President Added Most to the U.S. Debt?

 

[JoeB131]

Why didn't liberals voice any concern about the national debt when Barack Obama was piling up more debt than George W. Bush and Ronald Reagan combined? And what did we have to show for all that debt? Answer: the weakest economic growth since the Great Depression, the worst median family income levels in decades, and the worst U6 unemployment rate for an 8-year period in decades.

Yes, Bush left Obama with quite the mess, but you know what, he got us through it.

There's no good reason to cut taxes now. The economy is doing fine, we are making some progress on bringing down the deficit, and wow, let's just run up another 1.4 Trillion in debt we don't need!

 

[Mr Natural]

NOW Liberals Care About the National Debt!

And now, conservatives don't!

 

[Harpy Eagle]

Looking at straight dollars vice percent added is the incorrect way to look at this. The value of the dollar changes over time plus there is the cumulative effect from the interest on debt added by those that came before you.

• Obama added 68% to the national debt in 8 years.
• Bush Jr. added 101% to the national debt in 8 years.
• Clinton added 32% to the national debt in 8 years.
• Bush Sr. added 54% to the national debt in 4 years.
• Reagan added 168% to the national debt in 8 years.

So, in a total of 20 year Conservatives added 323% to the debt. While Liberals added 100% in 16 years.
Or put another way, while a Conservative was in the White House 16.15% was added to the debt per year. While Liberals were in the White House 6.25% was added per year.

The moral of the story, neither of the two major parties nor their followers care about debt or the deficit when they control the White HOuse.

 

[Norman]

May I present to you, Krugman's take on the issue:

The austerity delusion | Paul Krugman

 

[Mac1958]

The debt only matters when the other guys control the purse strings.

 

[NYcarbineer]

Why didn't liberals voice any concern about the national debt when Barack Obama was piling up more debt than George W. Bush and Ronald Reagan combined? And what did we have to show for all that debt? Answer: the weakest economic growth since the Great Depression, the worst median family income levels in decades, and the worst U6 unemployment rate for an 8-year period in decades. Liberals were okay with that debt because it came from government borrowing and spending. Yet now, suddenly, liberals are screaming about the national debt because they mistakenly believe that tax cuts will cause a decrease in federal revenue and that therefore tax cuts will increase the deficit and the debt, yet history shows that federal revenue has gone up after every major tax cut since the early 1900s.

Anyway, let's just get some facts straight about the debt:

• Obama added $7.9 trillion to the national debt in 8 years.
• Bush Jr. added $5.8 trillion to the national debt in 8 years.
• Clinton added $0 to the national debt in 8 years.
• Bush Sr. added $1.5 trillion to the national debt in 4 years.
• Reagan added $1.8 trillion to the national debt in 8 years.

If the Republicans had not forced some modest spending restraint on Obama in his last three years, he likely would have ended up adding more debt than the Bushes and Reagan combined did in 20 years. The Republicans saved Obama from achieving that infamy, but Obama still piled up more debt than both Bushes did in 12 years and more debt than Bush Jr. and Reagan did in 16 years.

More info: Which President Added Most to the U.S. Debt?

Obama cut the deficit in half from where it was when he took office. Who's the last Republican president to do that?

 

[Harpy Eagle]

An interesting look at the deficit since the 60s.

 

[my2¢]

The debt only matters when the other guys control the purse strings.

The truest thing I've ever read on these here boards.

 

[Ray From Cleveland]

Obama cut the deficit in half from where it was when he took office. Who's the last Republican president to do that?

How did he do that when it's the Congress that has our checkbook?

 

[JoeB131]

The thing is...

Democrats run up debts to keep people from starving during recessions.

Republicans run up debts to fight wars and give tax breaks to billionaires.

Sometimes motives matter a little more than results.

 

[USNavyVet]

The thing is...

Democrats run up debts to keep people from starving during recessions.

Republicans run up debts to fight wars and give tax breaks to billionaires.

Sometimes motives matter a little more than results.

Wow! That's one of the dumbest things I've read in a long time.

 

[Slade3200]

Why didn't liberals voice any concern about the national debt when Barack Obama was piling up more debt than George W. Bush and Ronald Reagan combined? And what did we have to show for all that debt? Answer: the weakest economic growth since the Great Depression, the worst median family income levels in decades, and the worst U6 unemployment rate for an 8-year period in decades. Liberals were okay with that debt because it came from government borrowing and spending. Yet now, suddenly, liberals are screaming about the national debt because they mistakenly believe that tax cuts will cause a decrease in federal revenue and that therefore tax cuts will increase the deficit and the debt, yet history shows that federal revenue has gone up after every major tax cut since the early 1900s.

Anyway, let's just get some facts straight about the debt:

• Obama added $7.9 trillion to the national debt in 8 years.
• Bush Jr. added $5.8 trillion to the national debt in 8 years.
• Clinton added $0 to the national debt in 8 years.
• Bush Sr. added $1.5 trillion to the national debt in 4 years.
• Reagan added $1.8 trillion to the national debt in 8 years.

If the Republicans had not forced some modest spending restraint on Obama in his last three years, he likely would have ended up adding more debt than the Bushes and Reagan combined did in 20 years. The Republicans saved Obama from achieving that infamy, but Obama still piled up more debt than both Bushes did in 12 years and more debt than Bush Jr. and Reagan did in 16 years.

More info: Which President Added Most to the U.S. Debt?

It’s interesting could the opposite also be said? “NOW conservatives don’t care about the national debt?!”

 

[NYcarbineer]

Obama cut the deficit in half from where it was when he took office. Who's the last Republican president to do that?

How did he do that when it's the Congress that has our checkbook?

Then how did he add 10 trillion to our debt as every RWnut on this forum claims?

 

[frigidweirdo]

Why didn't liberals voice any concern about the national debt when Barack Obama was piling up more debt than George W. Bush and Ronald Reagan combined? And what did we have to show for all that debt? Answer: the weakest economic growth since the Great Depression, the worst median family income levels in decades, and the worst U6 unemployment rate for an 8-year period in decades. Liberals were okay with that debt because it came from government borrowing and spending. Yet now, suddenly, liberals are screaming about the national debt because they mistakenly believe that tax cuts will cause a decrease in federal revenue and that therefore tax cuts will increase the deficit and the debt, yet history shows that federal revenue has gone up after every major tax cut since the early 1900s.

Anyway, let's just get some facts straight about the debt:

• Obama added $7.9 trillion to the national debt in 8 years.
• Bush Jr. added $5.8 trillion to the national debt in 8 years.
• Clinton added $0 to the national debt in 8 years.
• Bush Sr. added $1.5 trillion to the national debt in 4 years.
• Reagan added $1.8 trillion to the national debt in 8 years.

If the Republicans had not forced some modest spending restraint on Obama in his last three years, he likely would have ended up adding more debt than the Bushes and Reagan combined did in 20 years. The Republicans saved Obama from achieving that infamy, but Obama still piled up more debt than both Bushes did in 12 years and more debt than Bush Jr. and Reagan did in 16 years.

More info: Which President Added Most to the U.S. Debt?

Looks like deflection to me. Looks like the people who claimed to care about national debt suddenly don't give a fuck, and you don't have anything to say other than to try and attack back.

Fucking partisan politics is bullshit.

 

[Harpy Eagle]

The thing is...

Democrats run up debts to keep people from starving during recessions.

Republicans run up debts to fight wars and give tax breaks to billionaires.

Sometimes motives matter a little more than results.

Wow! That's one of the dumbest things I've read in a long time.

You must be new to the board!

 

[Harpy Eagle]

Why didn't liberals voice any concern about the national debt when Barack Obama was piling up more debt than George W. Bush and Ronald Reagan combined? And what did we have to show for all that debt? Answer: the weakest economic growth since the Great Depression, the worst median family income levels in decades, and the worst U6 unemployment rate for an 8-year period in decades. Liberals were okay with that debt because it came from government borrowing and spending. Yet now, suddenly, liberals are screaming about the national debt because they mistakenly believe that tax cuts will cause a decrease in federal revenue and that therefore tax cuts will increase the deficit and the debt, yet history shows that federal revenue has gone up after every major tax cut since the early 1900s.

Anyway, let's just get some facts straight about the debt:

• Obama added $7.9 trillion to the national debt in 8 years.
• Bush Jr. added $5.8 trillion to the national debt in 8 years.
• Clinton added $0 to the national debt in 8 years.
• Bush Sr. added $1.5 trillion to the national debt in 4 years.
• Reagan added $1.8 trillion to the national debt in 8 years.

If the Republicans had not forced some modest spending restraint on Obama in his last three years, he likely would have ended up adding more debt than the Bushes and Reagan combined did in 20 years. The Republicans saved Obama from achieving that infamy, but Obama still piled up more debt than both Bushes did in 12 years and more debt than Bush Jr. and Reagan did in 16 years.

More info: Which President Added Most to the U.S. Debt?

It’s interesting could the opposite also be said? “NOW conservatives don’t care about the national debt?!”

it is fun to watch the partisan hacks make these threads without having the basic intelligence to know they are calling themselves out at the same time.

 

[Lumpy 1]

Let's try, free college education, free medical insurance, free food, free housing, free drugs, open borders, closed prisons, no military, no religion, baby death at will for free, taxes at 80% .. etc. etc. etc.

... the liberal Democratic Party plan.. it sounds brilliant, humanitarian and so economically sound...

 

[Slade3200]

Let's try, free college education, free medical insurance, free food, free housing, free drugs, open borders, closed prisons, no military, no religion, baby death at will for free, taxes at 80% .. etc. etc. etc.

... the liberal Democratic Party plan.. it sounds brilliant and so economically sound...

You got a link to that plan? Say it accurately or don’t say it at all

 

[bodecea]

Why didn't liberals voice any concern about the national debt when Barack Obama was piling up more debt than George W. Bush and Ronald Reagan combined? And what did we have to show for all that debt? Answer: the weakest economic growth since the Great Depression, the worst median family income levels in decades, and the worst U6 unemployment rate for an 8-year period in decades. Liberals were okay with that debt because it came from government borrowing and spending. Yet now, suddenly, liberals are screaming about the national debt because they mistakenly believe that tax cuts will cause a decrease in federal revenue and that therefore tax cuts will increase the deficit and the debt, yet history shows that federal revenue has gone up after every major tax cut since the early 1900s.

Anyway, let's just get some facts straight about the debt:

• Obama added $7.9 trillion to the national debt in 8 years.
• Bush Jr. added $5.8 trillion to the national debt in 8 years.
• Clinton added $0 to the national debt in 8 years.
• Bush Sr. added $1.5 trillion to the national debt in 4 years.
• Reagan added $1.8 trillion to the national debt in 8 years.

If the Republicans had not forced some modest spending restraint on Obama in his last three years, he likely would have ended up adding more debt than the Bushes and Reagan combined did in 20 years. The Republicans saved Obama from achieving that infamy, but Obama still piled up more debt than both Bushes did in 12 years and more debt than Bush Jr. and Reagan did in 16 years.

More info: Which President Added Most to the U.S. Debt?

I always have...that was the most conservative thing about my politics......but the GOP didn't care anyways...good thing I wasn't fooled.