Lisa Benson has a lot of nerve to lecture PROgressives about the national debt.
No, Lisa, it is NOT the Democrats who are in love with the national debt.
Bernie Sanders and Elizabeth Warren propose eliminating student debt but, unlike Republicans, also have specific plans for exactly how such solutions will be paid for.
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 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.”) All that blather about deficits from Republicans is a lie. A pretense. Lip service. It is the Republicans who create deficits, then smear the lip service lipstick on their pig and blame it (falsely) on Democrats.
Republicans will only start caring about deficits and the national debt again when there is a Democrat in the White House.
After BUSH crashed the economy and blew up the deficit, Obama 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.
And now, once again, Trump is following the Bush Jr play book, and has blown up the deficits and debts to new stratospheric levels to provide corporate welfare and tax giveaways to the few richest elites who already had the most.