Friday, June 24, 2011

10 Things the GOP Doesn't Want You to Know About the Debt

The Daily Kos lists the 10 Things the GOP Doesn't Want You to Know About the Debt

This is why the US needs to quit whiplashing back and forth between Liberal and Conservative leaders



Ronald Reagan increased the National Debt by almost 200% while increasing spending by 73%. Bush I increased the debt by 51% (4yrs) and spending by 83%.. Clinton increased Debt by 32% (1.4 trillion) and spending by 31% (454 B). Bush II added 100% (4 trillion) to the Debt and 46% (861B) to spending. By the time Obama took office, the country was suffering from a Bush economic freefall. In the last 4 months of his term, Bush was losing a million jobs a month. He ended up with jobs growth of less than a million over 8 years. Reagan created 16 million jobs (17%). Clinton created 23 million jobs (20.6%). Reagan increased government size by 100,000 jobs … Clinton reduced government size by 290,000.

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