Owner59 -> RE: Regan,Bush I,bush II own 70% of all US debt (9/8/2007 7:09:13 AM)
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The point is,that just three presidents(all republican,all supposedly fiscally conservative,pffft) had borrowed more money (70% of all money borrowed),then ALL other presidents in the long history of the USA,combined.In just 20 years,they borrowed more than two thirds of all cash,ever borrowed. The so-called fiscal conservatives can spin and cook the numbers all they want.The fact remains the same... Republicans are no longer the party of sound fiscal policy. BTW,the money we`re borrowing to fund the tax cuts to millionaires? That will have to be payed back by us(you and me) in the future,along w/ the interest.That extra interest WE must pay on this debt,is in actuality,is a tax increase.
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