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Posted by: quackpot 1 year, 6 months ago
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quackpot1 year, 6 months ago
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Most of the national debt results from the fiscal policies of the Republican administrations of Regan, Bush I and Bush II.
Democratic administrations (Kennedy, LBJ, Carter and Clinton) decreased the national debt
National debt expressed as a percentage of the GDP: http://zfacts.com/p/318.html
----Democrats: tax and spend
----Republicans: borrow from our children, print money, and SPEND SPEND SPEND
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Charlson1 year, 6 months ago
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The democrats may tax and spend but they don't add to the debt like the republicans. The republicans want their children and children's children to pay so they can have their cake now. This is why our country is in such a fiscal hole. And this is why I say the republicans are greedy and unempathetic towards future generations. They rape our environment and will leave it in ruins; and they spend, spend, spend and will leave America in debt that we may never recover from.
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Teech1 year, 6 months ago
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"Tax and spend" is Republican speak for "pay as you go."
Clinton era tax tables covered essential government services, paid off the Reagan era national debt, balanced the budget and spread the tax burden equally among all classes of Americans.
And then along came Dumbya and gave away the surplus to the ultra-rich, invaded Iraq, quadrupled the price of oil, gas, and energy, and ran up a national debt of 10 trillion dollars. Every American's share of the Iraq war is now over $4,000. The interest on the 10 trillion debt is about $4,000 a year for every man, woman and child. (And growing!) 10 trillion divided among every American is over $34,000.
And the Repukes want four more years of the same! Polls indicate that almost half of voters are in favor of this. Yup, let's just keep digging!
Gotta love it!
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spkguy1 year, 6 months ago
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U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 28 Apr 2008 at 07:14:52 PM GMT is:
9,338,804,522,537.58
The estimated population of the United States is 303,892,490
so each citizen's share of this debt is $30,730.62.
The National Debt has continued to increase an average of
$1.44 billion per day since September 29, 2006!
http://www.brillig.com/debt_clock/
Heres the crux of it! Ask yourself this.. "What would happen if the interest rates start to rise along with inflation
say to double digit interest rates? "
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