Sunday, December 20, 2009

GOP NOW concerned about Debt?

Much has been said by the Republicans about President Obama and the Democrates saddling the country with debt and the weight of a bloated and overly intrusive government.  But wait.  Let's look back fifteen months .  As of September 2008 the national debt had grown by more than $4 trillion during George W. Bush's presidency.  It's the biggest increase under any presidency in U.S. history.  On the day President Bush took office, the national debt stood at 5.727 trillion.  By September 2008  the debt stood at more than $9.849 trillion.  Instead of paying down the debt with a budget surplus in 2000, the Republican's had championed a tax break to give it back to the American people. Then came the Afghanistan and Iraqi wars.  Did the Republican's ask tax payers to make a public sacrifice with higher taxes to pay for these wars so as not to burden future generations with debt.  No they did not.  Where was their concern with saddling the country with trillions in debt then?  They had no such concern.  They championed further cuts.   Republicans were once the party of fiscal conservatism, but their own recent governance shows their monetary concerns under the current administration are nothing more than political maneuvering and their words are hollow indeed.

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