16 Feb 2014 4:30 pm
If you've ever read the shock doctine it is clear that the republican playbook involves borrowing and spending like crazy to temporarily boost the economy. The as the impending recession that follows hits an dem if elected and republicans do nothing but point at the debt and cry bloody murder as if the dems did it. It's a disgusting game and Americans are the losers.Cannonpointer » 16 Feb 2014 3:25 am » wrote:BUT THERE IS MORE!
http://en.wikipedia.org/wiki/History_of ... ublic_debt
Reagan grew the debt by ALMOST 7 TIMES what Carter grew it by.
Carter added 288 billions to the national debt - which actually REDUCED the debt as a portion of the GDP (due to how much it grew by under his hand, with a democrat congress).
Reagan added 1.873 TRILLIONS to the national debt, which GREW our national debt, as a function of GDP, for the first time since WW!! - TRIPLED THE NATIONAL DEBT as measured in dollars (does not account for inflation), and grew it by a whopping 23.5% as a function of GDP (ACCOUNTS FOR INFLATION)!
In summary, Reagan oversaw a stagnant economy (at least, as measured against Jimmy Carter's or Bill Clinton's), AND he added to our national debt.
The conservatives in the mainstream media and on this board can spin and spin, but they cannot make these numbers go away.