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Bandit

(21,475 posts)
1. Very confusing information
Tue Aug 6, 2013, 05:34 PM
Aug 2013

There is a difference between Deficit and Debt. Both Reagan and Bush* actually doubled the National Debt and every single year under Bush* we had record Deficits. Clinton actually lowered the National Debt during his last two years in Office. Deficit is on a year by year basis and should not be used in a comparison such as this.

 

quinnox

(20,600 posts)
2. yea, the national debt has been growing at an alarming rate ever since Bush
Tue Aug 6, 2013, 05:37 PM
Aug 2013

Obama also has added a ton of money to the overall national debt. The deficit is just what they run short of every year.

That said, it is true that Democratic presidents have shown they are much more effective on the economy than the republicans.

 

Motown_Johnny

(22,308 posts)
4. Reagan started this mess. the dollar amount isn't an accurate measure
Tue Aug 6, 2013, 05:54 PM
Aug 2013

but I can see how it is useful for this demonstration.


The only fair way to measure the deficit and debt are by percentage of GDP.


1-Old-Man

(2,667 posts)
6. Now if they'd only take some of that 'saved' money and apply it to working man's problems.
Tue Aug 6, 2013, 06:45 PM
Aug 2013

The purpose of Government is not to save money, its to responsibly invest in what is best for the majority of the people. And that is certainly something that has been lacking from Presidents from both Parties since about Reagan's time. Not since Johnson have we had a President who gave a rat's ass about the common tax payer and look what was dumped on him.

kath

(10,565 posts)
7. maybe Obama should be focusing on a jobs program, a REAL, significant jobs program, rather than
Tue Aug 6, 2013, 07:33 PM
Aug 2013

Deficit reduction.


But that would involve giving a shit about ordinary people.

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