Lisa Benson for October 06, 2022

That you BORROW AND SPEND Republicans.

So then why DID you vote for Reagan, and Bush, and Bush and dolt.45?

They are the ones responsible for ballooning the debt.

Once again, Lisa Benson, who took a few weeks of college to decide it wasn’t right for her and dropped out, demonstrates her complete lack of understanding of how we got the current debts and deficits that we have.

The entirety of the federal debt is the consequence of accumulated Republican fiscal mis-management, including massive deficits, first under Reagan and Bush Sr and then, following Clinton’s transformation of then-record deficits into record surpluses, Bush Jr came along and transformed the record Clinton surpluses back into new record deficits, with two unfunded wars, tax cuts and corporate welfare for the few richest elites and lack of oversight over financial and capital markets leading to an economic collapse. (Dick Cheney famously counseled Bush Jr that “Reagan proved that deficits don’t matter.”)

Then Obama came along and rescued us from the Bush economic free fall and could have done even more if he hadn’t faced unprecedented Republican obstruction and filibuster abuse as he tried to FIX what THEY BROKE. Despite this unprecedented obstruction, Obama has had amazing success in cutting back the size of government, reducing by 2/3 the record deficits he had inherited from Reagan/Bush/Bush with a record 84 consecutive months of job gains.

The only two presidents to achieve balanced budgets in the last SIXTY YEARS were LBJ (despite the costs of the Vietnam War, Apollo Space program and War on Poverty, while he had a 70% top marginal tax rate) and Bill Clinton, who had four straight surplus budgets after he passed Reinventing Government (REIGO) without one single Republican vote.

Only one more in the last 50 years has even reduced the annual budget deficit — Barack Obama — who slashed deficits every year after his first, with the cumulative total cut by more than two thirds off, to one third the amount he inherited from Bush Jr., though he never made it all the way to a surplus.

There’s almost no real world evidence that a “national debt” has any effect. AS LONG AS THE ECONOMY CONTINUES A MOSTLY UPWARD TRAJECTORY. Yes, if things get too far out of control, bad stuff happens, but so far, nope.

Don’t republicans say that the deficit doesn’t matter when they are in charge?

Mostly due to Republican spending polices.

TAX CUTS for the rich!!!!!!!!!!!, right Lisa?

.

Or do you have ANY other suggestions?

It’s primarily related to military spending.

Snoreeeeee

Click on per-capita or % 0f GDP to campare

https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

It’s Republican policy, cut taxes, mostly on the top 10%, spend more on defense to keep donors happy, then blame Democrats when the budget crashes.

Go look what happened when we did have ZERO debt. Go ask Andrew Jackson. Better yet, go ask Millard Fillmore. It does not work the way you think. The US Federal government is not a business, or a household. Or even a state. The Fed has vast power and resources which are meant to be used, not squandered. We can do great things. Or we can moan and whine like cowards.

Bush’s wars cost a few TRILLION and Trump’s tax cuts another TRILLION. A TRILLION here and a TRILLION there and soon you’re talking real money. But Lisa, like most Republicans, don’t count Republican debt. Remember the words of VP Cheney: “Deficits Don’t Matter!!!” What a Richard!!

National debt was flat for 50 years before the Reagan admin. Then it doubled during his 8 years. Ronnie, hero of the right. A trendsetter.

https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/

Unoriginal cartoonists have been using this inaccurate theme since Grover Cleveland.

I am not in favor of any government debt, but…

I remember similar cartoons/claims when I was younger and the National Debt was not trillions, but “only” billions. Guess what? The “kids” of that day, who are now today’s parents or even grandparents didn’t go broke paying off the Debt. Instead, they just grew it larger. So why does Lisa — or anyone — believe that today’s children will be forced to do things any differently?

Ms. Benson is not wrong about that debt. We have been charging an awful lot on our credit card and not paying the bill.

Everyone is going to point a finger at someone, but finger should be pointed at ourselves. For as long s I can remember (I’m 66), politicians have told their constituents that they can have something for nothing, and constituents punish politicians who try to tell them otherwise.

The other lie is that, one of omission, is that the $31 trillion is most ly owed to the American people. Governments fund debt by issuing bonds, basically low interest loans to Uncle Sam. And that baby is going to have to pay that debt.

Unfunded wars are expensive.

republicans reduce revenue then complain when debt increases (during Democrat administrations. republicans also oppose any increase in revenue.)

Much of that debt is from republicans giving billionaires tax breaks.

Good point – maybe you should spend less on the military, huh?

Here are the actual national debt to administration dollars added per year: Barrack Obama averaged $1 Trillion per year over 8 years. Joe Biden so far matches Obama at just under $1 Trillion per year. Donald Trump averaged $2 Trillion plus per year for his 4 year stint. The highest additions to our national debt by administration is unequaled by the last disastrous administration, over double of all previous and present Presidents. This is also typical for when you have a republican controlled executive branch and even worse when it is compounded with a republican controlled legislature. Just the mathematical facts, sorry if it does not jibe with your weak cartoon analogy.

Funny how they only notice the deficit when Democrats are paying it down, but not when they are running up the tab.

2009 – Obama: “Healthcare reform will not add one dime to our deficit.” 12.21.092013 – Govt. Accountability Office: “Obamacare adds 6.2 trillion to long-term deficit .” 02.26.13

Brilliant illustration!

Yeah, what else is new?

And yer point is…..? It’s been this way since time began,the last generation leaving it for the next generation……

How much of this belongs to The Orange Menace?

The entire value of the world and everything in it is less than $31 trillion.

The ultimate dog whistle. Republicans club Democrats over the head with it and Democrats are all too happy to return the favor. Every. Single. Year. They trot this out like it’s new news, like it hasn’t been NEARLY 200 YEARS since the USA was debt-free! United States public debt started with federal government debt incurred during the American Revolutionary War after the country’s formation in 1776. The United States has continuously had a fluctuating public debt since then, except for about a year during 1835–1836.GET A CLUE PEOPLE!

Reagan sent us on this path when he TRIPLED the US debt. Yes Lisa, your Reagan. Your complaints about debt (just like your complaints about anything) are generated merely for elections.

So true, Lisa! :(

Yep…..Democrats.

But that college education will be free…..LMAO only the blue fools could be that silly.