In response to:
It's amazing how conservatives like to IGNORE the fact that a
VAST amount of the debt was created under the leadership of the GOP.
Reagan tripled the national debt.
Bush ONE doubled it yet again,
Here is a five fold increase in 2 presidents!
BOTH GOP!
Clinton actually had some years of negative
(depending on the accounting used)
AND GW added 76% again to the debt.
NOW its' ALL Obama's fault.
Bush gave him a 1.4 trillion dollar debt the DAY he took office.
Then trying to pull the country from being sucked down the drain after BUSH and the GOP tanked the global economy, cost a few bucks.
SO those 3 trillion should be given to Bush as well.
such hypocrisy!
This could make for one hell of a drinking game. Step one: Republicans propose an idea that high-ranking Democrats have explicitly supported in the very recent past. Step two: Democrats unceremoniously dump all over the idea, calling it "unacceptable," "dead on arrival," or whatever the dismissive pejorative of the day may be. Step three: Drink (and I've got just the beverage in mind for this occasion). The trouble is that by this stage in our interminable cliff charade, everyone involved would be too wasted to negotiate any further -- which actually might not be the worst thing in...
of the $9 trillion in deficits forecast for the 2010–2019 period,
$5 trillion are due to programs from the prior administration, including
tax cuts from 2001 and 2003 and the unfunded Medicare Part D.
Another $3.5 trillion are due to the financial crisis, including reductions in
future tax revenues and additional spending for the social safety net
such as unemployment benefits.
The remainder are stimulus and bailout
programs related to the crisis.