MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
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quote:
ORIGINAL: BitYakin quote:
ORIGINAL: MrRodgers Here's another image floating around out there. GOP "Conservatism" and the myth that the GOP is great for the economy and business is a lie. The numbers don't lie and no...no links to any sources because most partisans the just go after the messenger. • Under Reagan and Bush Sr.: $3.4 Trillion increase in the debt. • Under George W. Bush: $6.1 Trillion • Total: $9.5 Trillion. (not counting interest) • Interest on Reagan-Bush debt under Clinton: $2.2 trillion. • Interest on $11.7 trillion after G. W. Bush: $3 trillion • Grand Total Reagan/Bush/Bush Debt: $12 trillion (as of Sept. 30, 2010). Reagan/Bush/Bush all deficit spent during good years, which has now made it unpalatable to deficit spend in a period when it is appropriate for governments to deficit spend. The Republican Presidents' reckless deficit spending condemned us to an extended Great Recession. The GOP leaders know exactly what would happen to the economy if we all of a sudden "balanced the budget." The US would go into a tailspin we could never pull out of. Obama is damned by the GOP regardless of the path he takes. This is all on the GOP. Here's more image: Personal disposable income has grown nearly 6 times more under Democratic presidents. Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year) Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end) Republican presidents added 2.5 times more to the national debt than Democratic presidents. The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations yeah lets ignore this lil detail, the fact that every single pres except ONE since the beginning of the country has run deficits... now have the numbers gone crazy, yes of course they have but then once upon a time a loaf of bread was a nickel too! 09/30/2008 10,024,724,896,912.49 09/30/2000 5,674,178,209,886.86 4.350,xxx,xxx,xxx.xx http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm not sure where you got 9.5 trillion, but acording to the treasury dept bush2's debt was 4.35 trillion go ahead and shoot the messanger its the treasury dept! 09/30/2009 11,909,829,003,511.75 09/30/1999 5,656,270,901,615.43 6,253,xxx,xxx,xxx.xx even if we start in 1999 and go threw 2009 it still doesn't come to 9.5 The $9.5 trillion you speak of is the total debt of Reagan and Bush I so that was before Clinton's first year of 1993.
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