Posts Tagged national debt

Republicans are the fiscally conservative ones, right? …right!?

Well shit, that’s wrong.  At least the data sure doesn’t seem to think so!  Check out this graph on the national deficit that I found over at The Flamboyant Introvert’s blog:

National Debt Chart showing how big a deficit the past Republican Presidents have run compared to past Democratic Presidents

*to be accurate the graph is incorrectly named, it shouldn’t say “increases” it should say “size of” Of course this chart only goes to 2004 and doesn’t show the second half of George W. Bush’s rampant spending up to the biggest recession since the Great Depression. It also doesn’t show President Obama’s spending of trillions of dollars in an attempt to get us out of that recession. You can support either side but the numbers don’t lie – the Republican Presidents are out-spending their budget by tremendous amounts.  Either they’re just ignoring basic math or the economy isn’t growing from their top-down economics (or something else, I welcome your guesses).  And since top-down (aka trickle-down) economics hasn’t worked even once in the history of the United States I don’t recommend supporting those who preach it.

UPDATE: Looks like I’m not the only one who knows this!  Check out Forbes’ article on it: http://www.forbes.com/sites/adamhartung/2012/10/10/want-a-better-economy-history-says-vote-democrat/

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