2 votes

Help Please

A friend of mine posted a wall photo that was entitled, "Who Increased the Debt"? it has Reagan at 189%, George Bush at 55%, Clinton at 37%, GWBush at 115%, and Obama at 16%.

I found an article from CBS that said the following, "The latest posting by the Treasury Dept. shows the national debt has increased 4 trillion on President Obama's watch. The most rapid increase in the debt under any other president." cbsnews.com/8301-503544_162-20095704-503544.html

My friends response was, "I think the graph shows total expenditures, not the rate of increase at a particular point in time".

Does anyone have any good comebacks?




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This is what I would say

Alan Greenspan h ttp://en.wikipedia.org/wiki/Alan_Greenspan

reedr3v's picture

bumping for helpful links

.

You can't look at just the

You can't look at just the presidents, you need to look at who controlled the congress as well, you could have a republican president but if the house and senate was a majority of democrats then they really had all the control not the president.

The president is not the end all be all, they have to have the majority of congress to pass any increase in debt.

You could say

that all these presidents since Reagen has contributed to the debt which binds every American family to about 123,000 or so according to the debt clock and that Ron Paul will reduce our debt by ending wars, downsizing the fed. government, and bringing back a strong dollar. Hope that helps or gives you a good start.

"Fairy tales are more than true; not because they tell us that dragons exist, but because they tell us that dragons can be beaten."
— G.K. Chesterton

Thanks good idea.

Thanks! Good idea.