A very effective video!
Posted by rightwingarchitect on October 9, 2012 in Economy, Government, History, Politics
Tags: Government, History, Politics
October 9, 2012 at 6:17 pm
Reagan was the first post-war President to increase the relative size of the national debt. Pretty ironic, isn’t it?
October 9, 2012 at 8:17 pm
You may labor under that disillusion if you wish. The Democrats who controlled Congress during both of Reagan’s terms agreed to 2 dollars of spending cuts for every 1 dollar in tax cuts then reneged on the agreement and exploded spending. Even with the increase of revenue resulting from the tax cuts, they sent budgets to Reagan’s desk that blew spending out of the water and dared him not to sign them. This was the reason why Reagan was so strongly for the line item veto. Conversely during the periods of the Clinton years where the Republicans controlled Congress, spending was held in check by their budget and appropriation bills and was in fact trending toward balanced until the GOP lost its focus and got turned out in 2006. From 2006 until 2010 Democrats controlled both house and thus the appropriation process and once again sent spending into the stratosphere. Since 2010 the GOP controlled house has sent multiple budgets and spending bills to the Dem controlled Senate where Harry Reid has refused to allow them to even come to the floor. The Dems in the Senate have not submitted or allowed a budget to pass in over 3 years in direct violation of their constitutional responsibilities. Spending has thus remained at 2009 stimulus inflated levels by way of continuing resolutions which has resulted in more debt being amassed in 3 years of Obama than in the entire 8 years of Bush.
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