- Jul 21, 2009
- 133,148
- 69,836
- Thread starter
- #421
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Oh, the humanity!
Why do you people always bring up Reagan?
Live in the present.
Why? Because before Reagan, debt wasn't even part of our lexicon.
Where did our debt come from? When did massive debt become part of the American economy?
Ronbo Reagan switched the federal government from what he critically called, a “tax and spend” policy, to a “borrow and spend” policy, where the government continued its heavy spending, but used borrowed money instead of tax revenue to pay the bills. The results were catastrophic. Although it had taken the United States more than 200 years to accumulate the first $1 trillion of national debt, it took only five years under Reagan to add the second one trillion dollars to the debt. By the end of the 12 years of the Reagan-Bush administrations, the national debt had quadrupled to $4 trillion!
![muahaha :muahaha: :muahaha:](/styles/smilies/muahaha.gif)
It's hard to believe that anyone can complain about spending from 2 presidents over 16 years compared to their president who's debt spending was $2,000,000,000,000,000.00 more in only 3 years. This is what you're doing.
5 years ago I would never believe the nonsense that the left comes up with. Even they would never believe it. When I told them what was coming they told me I was crazy. Even the cons here told me I was wasting my breathe.
Face it numb-nuts, Obama is spending faster than Bush and Reagan combined and he has no answer for the ever increasing debt other than "Congress.......I want you to give me a blank check and give up the power to set a debt-ceiling".
This is outright insanity.
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