Tax and Spend Liberals? Really?
I find the phrase, "Tax and Spend Liberals" to be pretty interesting. But what
can we learn from the following graph? First off, LBJ, a Democrat, was the first
to go into debt during his presidency. Granted, he balanced it by the time he
left, but it not only set a precedence, it also got the fiscally-conservative
Republicans to begin to use that phrase.
Granted, they really didn't listen to themselves very well because Nixon did
the same trick of borrowing a lot of money, but getting things back on track
before he ducked out the door. However, Ford liked the first part … borrowing,
but didn't like the second part, and left Carter a record deficit. Carter's
mistakes were many, but he wasn't able to climb out the debt and left it at the
Ronny actually thought that a deficit was a good thing. It made people care to
keep their government running… otherwise, they wouldn't get their money back.
So the nation climb deeper and deeper into debt. Bush Sr? Hit an even lower
point. At this point, the problem really was that the debt wasn't always held by
Americans, but was getting held by the Japanese, Chinese, and other
Ross Perot made the deficit a major issue for his bid for the presidency. While
I don't think he really felt he would win, he wanted whoever did win to pay
attention to it. And Clinton did. Not only was he able to dig the nation out the
debt that Bush Sr. left him, but left a surplus. A surplus that we weren't sure
what we should spend it on … better schools? better healthcare? re-tooling our
Nope. Let's blow it. And not only that, let's spiral into so much more debt
that his Bush Sr would have been proud of his son. The Republicans are still
thinking that the Democrats with all their fancy talk of "National Healthcare"
is just getting us into socialism. Instead, they drop all the regulations passed
after the great depression and then are surprised when the financial sector
collapses… and then bails them out, so that the government is now the largest
owner of homes and insurance. This is socialism at its finest. But I wonder …
how are we going to get the money to bail them all out?
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Great Graph. I'm sure glad we're keeping those darned Socialists out of the
White House! Because the free market takes care of everything! Just ask Wall
I'm sorry to say that I've already conceded to 8 more years of Wing Nut rule
with nutty and slutty Palin and Cooco for Cocoa Puffs McCain at the helm.
I think all those rural voters in hallowed out Ohio and Michigan will get in
the voting booth and say "I can't vote for a black man" or something to that
effect. Then they'll tell pollsters that he "didn't have enough experience" like
I hope I'm wrong.
Same graph … just a little more comical: