Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

Friday, January 29, 2010

Rachel Maddow Explodes the Republican Fiscal Conservative Myth

Political pundits often call the Republican party the fiscally responsible party. However, as this post will prove, that's a lie, a big fat one.

Question 1: Which modern President added $4.9 trillion to the national debt?
If you guessed Carter or Clinton, you'd be wrong.

Correct Answer: George W. Bush (Republican)

Question 2: Which modern President turned a deficit into a surplus? George H.W. Bush? Wrong. It was Democrat, Bill Clinton.

Question 3: Which modern President nearly tripled the national debt? Jimmy Carter? Nope. Ronald Reagan

In fact, President Carter increased the national debt by 42%

Ronald Reagan increased the national debt 189%

George H.W. Bush 55%

Bill Clinton 36%

George W. Bush 89%

So, the next time you hear pundits saying how Republicans are the party that does better handling the deficit and the nation's credit card, know that it's a lie, a big fat one.

Visit msnbc.com for breaking news, world news, and news about the economy

Saturday, December 13, 2008

The future of the U.S. Economy

Want to know what's really happening to the U.S. economy, I recommend you watch this video.