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Thread: GOP and debt

  1. #1
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    Default GOP and debt

    I know some Republicans. One of the reasons they were Republicans is they believed that party was more concerned about our debt than the Democrats.

    Anyone who believed/s that should take a close look. Today's GOP seems totally unconcerned about that debt. They might wish to look a bit at the history of our debt during recent president.

    Under Reagan it tripled. Bill Clinton passed a budget in '93 with only Democrats voting for it. Republicans were all over my tv telling me it would destroy our economy.

    FACT is it led to a bit of our debt being paid down near the end of his term, and rather than passing on a deficit to G.W., he passed on a surplus. G.W. and the Republicans quickly passed two tax cuts, and the surplus, just as quickly, became a deficit.

    Under Obama that deficit came down.

    Trump's tax cut drove that deficit, and the debt dramatically up.

    What this means is if you believe the GOP is a better custodian of your tax dollars, I would ask you to look at this history. You're likely to change your mind.

    Some time back I began telling my Republican friends, who began to recognize this is not their dad's GOP that if they want the 'sane' Republican party back they must vote for Democrats. Now at least two major GOP figures (George Will and Steve Schmidt) have reached that same conclusion and are telling people of any party to vote for Democrats.

    As an individual, one may not care for Democrats, but as an American, I would think, you'd want congress to be a check on the president, not a rubber stamp. If you care about the debt, re-electing this group seems insane.

    Even those Republicans, like Lindsey Graham, who told us Trump is crazy, are now lock step supporting him.
    How do we form a mutiny? Our new captain is navigating poorly.

  2. #2
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    Default Re: GOP and debt

    When Republicans raise the debt, it's OKAY. If Democrats do, it's not okay.

  3. #3
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    Default Re: GOP and debt

    Republicans just like doing the opposite of what they claim for themselves and exactly what they falsely accuse Democrats of and Republicans have the remarkable ability to believe themselves.

  4. #4
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    Default Re: GOP and debt


  5. #5
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    Default Re: GOP and debt

    Quote Originally Posted by John Smith View Post
    As an individual, one may not care for Democrats, but as an American, I would think, you'd want congress to be a check on the president, not a rubber stamp. If you care about the debt, re-electing this group seems insane.
    None of this is a surprise. Regardless of whether you're liberal or conservative, Republican or Democrat, history demonstrates conclusively what happens to the economy, under D or R presidents. At the risk of being redundant (since I've posted this many times):

    • Personal disposable income has grown nearly 6 times more under Democratic presidents
    • Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
    • Corporate profits have grown over 16% more per yearunder Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
    • Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
    • Republican presidents added 2.5 times more to the national debt than Democratic presidents
    • The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations
    From that bastion of commie pinko liberal socialism, Forbes Magazine: https://www.forbes.com/sites/adamhar.../#20274e37cb44
    "Reason and facts are sacrificed to opinion and myth. Demonstrable falsehoods are circulated and recycled as fact. Narrow minded opinion refuses to be subjected to thought and analysis. Too many now subject events to a prefabricated set of interpretations, usually provided by a biased media source. The myth is more comfortable than the often difficult search for truth."







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