Monday, October 13, 2008

Borrow and Spend Republicans

In 1976, Jimmy Carter inherited a $660 billion national debt.

The course of our national debt since then:

Added during Carter's four years: $337 billion.

Added during Ronald Reagan's eight years: $1.6 trillion.

Added during George H. W. Bush's four years: $1.6 trillion.

Added during Bill Clinton's eight years: $1.5 trillion.

Added during George W. Bush's seven years, nine months: $4.5 trillion.

Portion of the $9.5 trillion added to the national debt during the past 31 years and seven months that came during Republican presidencies: $7.7 trillion.

Percentage of that $7.7 trillion added during George W. Bush's two terms: 58%.

Now you know.

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