Monday, April 20, 2009

Follow the trail of debt

From Theunion.com

The tea party is not a joke. Richard Nixon in 1969 was the last president to submit a black budget (not adding to the national debt). Since then, every president has added to the national debt. When Bush took over, it was $5.7 trillion. When Bush left office it was $10 trillion.

Since Nixon, we have had six presidents — two democrats (Carter and Clinton) and four republicans (Ford, Reagan, Bush and Bush). The two democrats added less to the national debt than any one of the republicans.

The “party of fiscal responsibility” ran the national credit card up to $10 trillion with a little help from the “tax and spend” party. Now they are screaming because the debt is coming due.

No comments:

Post a Comment