Historically, for the first 130 years of our nation we possessed
little to almost no debt. The debt began to rise in 1918 as a result of our
involvement in World War I, although the debt still decreased in the years that followed WWI. Following the Great Depression,
the debt began an upward climb, due in large part to Roosevelt's "New
Deal." Beginning in 1942, the debt tripled in only three short years as a
result of World War II, and at the end of WWII, it dropped again, just as it
did after WWI.
The national debt increased moderately during Vietnam, but
only really took off during the Reagan-Bush years of 1981 to 1993. Reagan's
rapidly spiraling debt was continued through Bush 41’s Administration, rising
to over 5 trillion dollars. President Clinton managed to turn the debt growth
around by eliminating deficit spending, with the help of Newt Gingrich and the
first Republican-controlled Congress in over 40 years. Clinton and the
Republicans in Congress actually reduced the debt slightly. President G W Bush (Bush
43) then created the greatest deficits in history up until that point, before
Obama emerged on the scene in January 2009 and shattered all previous records
of racking up debt. Bush is responsible for adding $4.9 Trillion dollars to the
National Debt in 8 years in office. Obama, on the other hand, has already added
$6.44 Trillion of Debt in only 4 years and 4 months. When Obama took office
after Bush 43, our National Debt stood at $10.4 Billion. Today, April 29th,
it stands at $16.84 Trillion.
Please do the Math. Under GW Bush, the debt increased $4.9
Trillion in 8 years, an annual increase of $.61 Trillion per year. Under Obama, the National Debt has increased by
$6.44 Trillion in only 4 years and 4 months, or 4.33 years. Obama has caused an annual increase in
the National debt of $1.49 Trillion
Dollars per year. Again, do the Math. GW Bush had annual Budget Deficits of $.61 Trillion per year. Obama
has had annual Budget Deficits of $1.49
Trillion per year. Some on the
left, and many Democrats love to say Obama is no worse than Bush when it comes
to adding to the National Debt. My advice to these mistaken Americans is,
please analyze the data a little closer. $1.49
Trillion versus $.61 Trillion. Obama has racked up $.88 Trillion more in debt annually than everyone’s favorite
punching bag, George W Bush. In terms of percentage,
Obama has racked up an astounding 144% more debt, annually, then the man all of those on the left love to blame
everything on.
It is imperative on you, Democrat voters, to try and influence Harry Reid and the Senate and especially Barack Obama to do what they have so far resisted with all their might to do these last 4 years and 4 months...cut Federal spending dramatically to reduce the monstrous annual deficits Obama is famous for.
It can be done!! Clinton, working with then Speaker of the
House and Republican Newt Gingrich, Balanced the Budget for FOUR consecutive years:
1998, 1999, 2000 and 2001.
Clinton Balanced the Federal Budget, with the aid
of Newt Gingrich and the Republican-controlled
House and Senate, 4 straight years, from 1998 to 2001. <http://www.usnews.com/news/blogs/rick-newman/2013/02/20/why-a-bill-clinton-style-budget-miracle-wont-happen-again>
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