Debunking the Republican Talking Point of Blaming House Democrats For the National Debt

When Republican's blame Democrats for their economic incompetance it sounds like bullshit because it is bullshit-by mike kohr 4/4/2012

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http://en.wikipedia.org/wiki/File:Federal_Debt_1901-2010.png


The complex chart above gives a great insight into the timeline of our National Debt. Click on it and expand the view and spend some time tracking the increases and declines. The chart is Debt compared to GDP the only true way to track National Debt.

A snap shot analysis shows 5 major spikes in growth of the National Debt:

1). 1915-1919, Democrat House and President, Cause: WW I
2). 1933-1945, Democrat House and President, Cause: Republican gifted Great Depression & WW II
3). 1981-1993, Democratic House and Republican Presidents, Cause: Trickle Down Economics
4). 2001-2009, Republican House and Republican President, Cause: Trickle Down Economics
5). 2009-2012, R/D House, Democratic President, Cause: Republican gifted Great Recession and Trickle Down Economics.

Major Declines in National Debt:
1). 1919-1932, Republican House and Republican President, Result: The Great Depression
2). 1946- 1981 Democratic House and D/R Presidents. Result: Greatest paydown of debt in history
3). 1993-2000, D/R House and Democratic President. Result: Greatest economic boom in history.

A summary of the evidence is clear: debt is caused NOT just by spending but also by tax and economic policy, economic downturns and war. Yet of the 5 spikes in National Debt, 4 have been caused Republican economic policy including nearly all of the most recent increases in National Debt. Only 1 of the 5 spikes in National Debt occured for reasons other than Republican economic policy and that was the spike of 1915-1919 caused by WW I.

Republicans are currently trying to deflect blame for the $9.2 trillion in debt ran up by the last 3 Republican presidents by blaming Democratic control of the House of Representatives. The record of the last 100 years shows clearly that the single biggest paydown of National Debt occurred under the longest control of the House by Democrats in history, 1945-1981, and that steady record of fiscal responsibilty was broken by the advent of Reagan's budget busting Trickle Down Economic tax give-a-ways to the rich.

When Republican's blame Democrats for their economic incompetance it sounds like bullshit because it is bullshit.

cached at: http://bureaucountydems.blogspot.com/2012/04/debunking-republican-talking-point-of.html