Presidential Spending & National Debt

May 29, 2009 at 8:03 pm 3 comments

Something to keep in mind as we clean up the mess:

“using inflation-adjusted dollars, in the past 28 years, the national debt has risen $800 billion during Democratic administrations, and a whopping $7.5 trillion during Republican administrations.

Or, looked at another way, it’s risen $100 billion a year during Democratic presidencies and $375 billion during Republican administrations. In the Cheney-Bush administration, it has averaged $500 billion a year.”
GOP Rides a Tall Stack of $20s, by Meteor Blades (2009) 

All this must come as a shock to the overwhelming majority of Americans who believe that Democrats are spenders and Republicans want to cut government spending. The simple fact is that during the past 34 years, government spending has grown significantly faster when a Republican has sat in the White House.
– The Politics of Presidential Spending, by R.W. Bradford (2004)

 
http://www.dailykos.com/storyonly/2009/1/5/0024/95306/132/680243 
http://www.libertyunbound.com/archive/2004_11/bradford-spending.html

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Entry filed under: Money, Politics.

Banks Outraged Over On Time Payments Quotes by…God

3 Comments Add your own

  • 1. dj  |  October 9, 2009 at 5:20 pm

    and obamas will top a trillion a year

    Reply
  • 2. Mike  |  July 20, 2010 at 1:42 am

    All right, but he’s still got 5.7 trillion to go before he’s caught up, so stop complaining.

    Reply
  • 3. Hunter W  |  July 22, 2010 at 6:23 pm

    $3.2 trillion in 2 years – that means in 10 years DNC Presidents have overspent by $4 trillion. In 20 years GOP Presidents have overspent by $7.5 trillion.

    Almost a dead heat but, year by year, the winner is clearly the Dems.

    Reply

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