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National Debt Graph by President

In 1981, the supply siders commandeered the Reagan Presidency and employed their Voodoo economics,
as Bush senior had called it in 1980. He was saying that tax cuts would
not increase government revenues. As you can see on the graph above (or get the update and more with this New App),
the Voodoo failed just as Bush predicted, and the supply siders turned a
32-year winning streak into a debt disaster that continues to this day.
For 20-years, under Reagan and the Bushes, the national debt increased
compared to GDP every single year. In most other years it decreased.
Twenty years in a row can't be just an accident, but to understand you
need to learn the voodoo strategy. (Why graph Debt / GDP ?)
What's causing today's huge deficits? Deficit basics. Top 4 deficit causes.


Bush senior fought against it, so the
Republicans didn't support him and he lost to Clinton, who put an end to
it supply-side economics. G. W. Bush brought it back full strength,
with V.P. Cheney saying "Reagan proved deficits don't matter." Currently
supply siders are in full control of the Republican party.




The green line shows
what would have happened to the national debt if Reagan and the Bushes
had balanced their budgets as Reagan claimed he would. G.W. Bush, in all
modesty, claimed he would "retire nearly $1 trillion in debt over the
next four years. This will be the largest debt reduction ever achieved
by any nation at any time."
Conservatives are quite embarrassed
by this performance, so they have invented a cover story: The
Democratic Congress did it. Nice try. But for 12 of the 20 years the
Congress was not Democratic. Also, presidents can veto, and when it was
Democratic, Congress passed smaller budgets on average than the Republican Presidents asked for. Presidents propose the budget, and they have the most influence.


Added: Sep-6-2012 Occurred On: Sep-6-2012
By: dcmfox
In:
Politics
Tags: debt, by, presidents
Views: 2379 | Comments: 79 | Votes: 3 | Favorites: 1 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • Reagan was man enough to admit that under his administration they spent far too much.
    Fuck the rest. Bush Sr. had some okay goals but also spent far too much, Clinton had little influence, Bush Jr. is a dumb shit that should have never been in office, so is Obama, and voting for either Obama or Romney is unlikely to change the path our government has chosen. If something isn't done about it outside of the box then we're going to go down like the USSR- claiming we have infinite resources while we More..

    Posted Sep-7-2012 By 

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  • You're forgetting that Congress played a large role in deficit reduction during the Clinton years. But there's no exscuse for the Bush years, the neocons have spent us into the poor house and Obama is driving the nail in the coffin.

    Posted Sep-7-2012 By 

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    • @WolfBite120

      Right, Clinton's biggest achievement during his term was welfare reform. The one he vetoed 4 times before passing.

      Republicans and democrats are equally responsible for our economic mess.

      Bush added 4T to the deficit in 8 years. Obama has added 6T in 3 1/2 years.

      Who has a spending problem?

      Posted Sep-7-2012 By 

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    • @-stile-
      You are correct on all counts.

      Posted Sep-7-2012 By 

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  • When republican Presidents do bad, it's congress's fault.
    When Democrat Presidents do bad, it's the Presidents fault.
    These idiots have been using the same non-logic for years.
    There is something deeply wrong with the way their brains, (and I am being generous here), "work"

    Posted Sep-7-2012 By 

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    • @Tongueboy

      Pot calling the kettle black. LOL

      When the Dems do bad, they always blame someone else. Obama loves to blame the republicans.

      Posted Sep-7-2012 By 

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    • @-stile- But he's right.
      republicans are pretty much always wrong.
      Just look at the 8 years before Obama.
      You kids don't have a clue how to make things work.
      Only how to ruin everything that did work.
      And it's not just gw.
      rayguns and bush 1 were all about fucking middle class America, just like romney.
      I think Obama will win by a wide margin and things will get better.
      I could be wrong and romney might get elected.
      Then I think things will be much worse for much longer.
      I have failed to call el More..

      Posted Sep-7-2012 By 

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    • @Tongueboy

      Still campaigning for the last election I see. You been sleeping the last 3 1/2 years?

      Republicans are right to stop Obama from spending more without any idea how to pay them. Things would be so much worse if Obama had free reign.

      Oh, what about the first 2 years when he had both houses? What is his excuse then?

      Liberals are so out of touch. I will hand you a crying towel in November when Obama gets his ass kicked to the curb.

      Posted Sep-7-2012 By 

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    • @-stile- Affordable health care act, Saved the auto industry that romney wanted to bankrupt, equal pay for women, ends Iraq war, ends don't ask don't tell, stopped the recession from going deeper, added jobs, ending Afghan war etc.
      There will be a sweep again and the dems will take control again after the EPIC failure this congress has proven to be.
      Then we will move forward.
      If romney wins then I will probably be just like you, a sad, crying little girl claiming he is destroying the country.
      TH More..

      Posted Sep-7-2012 By 

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    • @-stile- You are right on about the first 2 years. I don't understand why people have amnesia about that.
      Also, I hope you are right about the November part as well.

      Posted Sep-7-2012 By 

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  • Reagan had no problem spending America's money. neither did Bush. One good thing Bush did was begin a "pay as you go" program (if you want to pass a bill, money must already be there - no "borrowing from the future") - Clinton followed what Bush started, but then when W Bush came in all that shit went out the window and the (R)s and (D)'s spent 50 years worth of future taxes in 8 years. Obama and the (R)'s are adding 50 years of debt to that.

    Posted Sep-7-2012 By 

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  • LOL.

    You do know that Reagan compromised with the Democrats to raise taxes in a trade to reduce spending. It passed. Then the Democrat controlled houses instituted the tax hikes and did not implement the spending cuts.

    No matter how you try and polish Obama he still comes out looking like a turd.

    Posted Sep-7-2012 By 

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  • Hillbillies need simple punchlines like:

    "Republican Presidents borrow more and earn far less!"

    Posted Sep-7-2012 By 

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  • You are trying to leave Obama off the hook. Not quite. Before his inauguration Sen Obama voted for the budgets he would later blame on Bush. After just 2 months of TARP the Bush admin said it was done and in fact used only $270 billion of the $350 authorized by congress. As a courtesy to the incoming president Bush agreed to request the 2nd $350 billion from congress if obama asked for it. Obama asked for it and got it, so now he and congress had $700 to play with. Then within weeks of his More..

    Posted Sep-7-2012 By 

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  • fuck it, clinton was a good president. obama needs to take lessons

    Posted Sep-7-2012 By 

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    • @maxwellthebest

      He is I swear I just saw teacher speak.

      Posted Sep-7-2012 By 

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    • @maxwellthebest clinton deregulated the banking industry and within 6 years of that deregulation the US banking system had collapsed, killed our economy, then took a huge government handout called "the bank bailouts".

      so yea, clinton was a good president? or is it not clintons fault the banks got greedy?

      Posted Sep-7-2012 By 

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    • @KutKorners Huh, Reagan and Bush Sr deregulated the banking system too.

      Posted Sep-7-2012 By 

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    • @mabutoo LOL.

      Glass-Speagall - signed into law 1931 (i think, might be 32,33) and removed from law by William Jefferson Clinton.

      He deregulated the banking industry in one mighty swoop - 6 years later (thanks to other issues too, but without the removal of Glass Speagall those "other issues" don't create what we have now.

      That blame fort the bank bail out goes directly to Clinton and his (R) Congress.

      http://www.youtube.com/watch?v=x0k2PmF-o5Q

      Posted Sep-7-2012 By 

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    • @KutKorners other than that he was great

      Posted Sep-7-2012 By 

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  • so clinton the only one who did well since carter's term

    Posted Sep-7-2012 By 

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  • American political structure became fucked up around the time of Raegan. It crossed over to the dark side.

    Posted Sep-7-2012 By 

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  • Two things of note here

    1. Regean's strategy was to outspend the Soviets in the Cold War to win it, which he did successfully.

    2. Clinton had the opportunity to strip military spending down below safe levels.

    3. The first part of the Bush years were spent on fixing that military cut and fighting 2 wars.

    Posted Sep-7-2012 By 

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  • Creative graph means doodly squat.

    Posted Sep-7-2012 By 

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  • Context is everything.

    Reagan brought down the Soviet Union by spending them into the ground.

    George W Bush had to deal with 9/11 and the response.

    See also: Roosevelt spike in the 1940s.

    Obama sure has a sharp spike upward, though.

    Posted Sep-7-2012 By 

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