- Feb 22, 2017
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30+ years ago Ronald Reagan sold America on the idea that if we just lower taxes (mostly for the 1%) the resulting economic growth would pay down the deficit, Result: The deficit grew...a lot! Bush 41 came along and told America the same lie, Result: The deficit grew...a lot! Bush 43 came along with the Bush tax cuts, promising the same economic growth and deficit reduction, Result: The deficit grew...a lot!. Does anyone notice a pattern here. Lowering taxes is not going to produce enough $$ to pay them. Now Trump and Co. is selling this same old trickle down garbage. Why do Republicans insist in living in this financial fantasy land??
Trump's shiny tax-cut plan has a $1.5 trillion problem
No, Trump’s Tax Cuts Won’t Pay for Themselves
Obama doubled the national debt without lowering taxes. That dipshit added more to the debt than all previous presidents COMBINED.
Why do you lemmings keep repeating this lie?
Only one President has every doubled the national debt and that was Reagan, and he came pretty darn close to tripling it.
The national debt went up 87% under Obama, just slightly more than the 86% it went up under Bush II.
when obozo took office the debt was around 10.5 trillion, when he left it was around 19,5 trillion, so you are correct, he didn't quite double it. But he did add more to it than any other president, by a very large margin. you need to look at absolute dollars added to the debt, not the %. But I understand why you don't want to do that.
Actually the absolute dollars is the wrong way to look at it as the value of those dollars change over time. Reagan's almost tripling of the debt is worse than Obama's 87%, even if the dollars were less back then.