Republicans cause a skyrocketing national debt!

Take a look at this graph,

• It shows that from 1944 to 1981, the national debt stayed at around 1.8 trillion dollars.
• When Regan took office, it immediately started to go up.  In fact, it more than doubled by the time he left office to 4 trillion.
• Then Bush Sr. continued what Regan started and added another 1.3 trillion to the debt.  So between Regan and Bush senior, they almost tripled the debt in just 12 years.  A debt that had remained pretty constant for the past 40 years.
• Then Clinton came into office, and you immediately see the spending spree slow down and actually start seeing our debt declining.
• Then Bush Jr. comes along and continues the Regan/Bush Sr. debt increase.  One that will stand at around 11.5 trillion dollars before he is done.  That means in 8 years he will have increased the national debt by 6 trillion dollars on his own.  That's more than 3 times the debt we had all the way up until Regan took office.
• Between Regan, Bush Sr, and Bush Jr, the debt will have gone from under 2 trillion to 11.5 trillion in a total of 20 years they controlled the White House.  Do we want to continue this?

Keep in mind this is REAL increase.  The numbers have been adjusted for inflation so while there was really a little less than $1 Trillion, in today’s dollar that equals about $2 Billion.

In 1980, each American man, woman, and child would be liable for around $6,000 of the national debt (in today’s dollars).  But today, each of us is liable for over $32,000.  A family of four owes over $128,000 and this is on top of any personal debt.  By the time Bush “W” leaves office, that number will be $38,000 and $152,000 respectively.

The irony is, that the Republicans are the ones that say they want a smaller government, yet their spending goes up and the government services go down (i.e. healthcare, education funds, regulatory oversight).  Where does this money go if not to government provided services?  To their rich friends of course.  And where does the money come from and who pays for it?  Right.

Visit the U.S. National Debt Clock