Gop Says Nation Cannot Afford The Democrats Speding Policies

[princeofvegas 0]

I was just watching the news and saw a spot on how the GOP is now saying that the United States cannot afford the Democrats spending policies.

Here are a few facts about the debt. Remember Congress controls spending.

President, Congress, Debt change per day (Public and Intragovernmental), Duration

Clinton with a Democrat Congress, debt up $833 million a day for 2 years.Clinton with a Republican Congress, debt up $422 million a day for 6 years.
Bush with a Republican Congress, debt down $356 million a day for 6 months.
Bush with a Dem Senate, and Rep House, debt up $1.212 billion a day for 1.5 years.
Bush with a Republican Congress, debt up $1.565 billion a day for 4 years.
Bush with a Democratic Congress, debt up $2.67 billion a day for 2 years.
Obama with a Democratic Congress, debt up $4.45 billion a day for 1+ year.

When Bush took office in 2001 the new Senate was split 50/50, mid year 2001 Jeffords switched to Independent, and caucused with the Democrats, giving them control of the Senate.

Who are the spenders?

Looks like as long as it is business as usual in DC the debt will go up.

And for those of you who blame the current financial crisis on the Republicans alone, learn a little history. The majority of Democrats supported the changes in banking laws, and Clinton signed them into law, when Republicans could not even override a veto. It took both parties to get us here, it will take serious change to get us out of it.

[Quatrux 4]

For me USA economy was always strange, it seems that every year it's in a budget deficit and was always in debt, but somehow it works, just for example you can read this:

 

https://en.wikipedia.org/wiki/United_States_public_debt

http://forums.xisto.com/no_longer_exists/ - USA is in the bottom

http://forums.xisto.com/no_longer_exists/

 

As I understand, they just print more dollars, but of course, I guess it's much more complicated and I'm no economist, nor I care, it's just strange for me