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Debt question.....

http://www.thepresidentialcandidates.us/who-increased-the-debt/1515/

Good question....colorful chart. I couldn't copy the chart....but the LINK is clickable.

 
minnesotanice

Asked by minnesotanice at 11:29 AM on May. 21, 2011 in Politics & Current Events

Level 31 (51,128 Credits)
This question is closed.
Answers (12)
  • "the buck stops here."

    It would be nice if presidents actually did that. They always pass bills they consider too important to veto despite them being loaded with excess spending. The only modern politician to actually regularly veto anything a dime over budget is Chris Christie.

    While every president disregards this, we still need to look to congress who writes the final drafts on all the spending.
    Dkhilly

    Answer by Dkhilly at 4:41 PM on May. 21, 2011

  • It's a mislead for republicans and democrats to focus on who the President is in regards to debt spending.

    The only branch of the federal government who actually controls spending is congress.

    So pay attention to patterns acording to who is in control of congress, not the presidents.
    Dkhilly

    Answer by Dkhilly at 11:48 AM on May. 21, 2011

  • The only branch of the federal government who actually controls spending is congress.

    So pay attention to patterns acording to who is in control of congress, not the presidents.

    There is such a thing as a veto. Congress sets it, but one of my favorite quotes, "The buck stops here" Harry S. Truman.
    Carpy

    Answer by Carpy at 11:54 AM on May. 21, 2011

  • Woodrow Wilson got the ball rolling, the only one since who was even getting into balanced budget territory was Clinton with a rep congress. But the debt was still increasing.Reagan increased the Debt with the help of a democrat congress, but as we saw with Bill Clinton, it was not an unmanageable amount.  What we are heading to now is a debt super cycle, where output is soon to be less than the interest we owe on the debt.  It is unprecedented and will be devastating.

    Carpy

    Answer by Carpy at 11:52 AM on May. 21, 2011

  • Let's not forget a lot of Reagan's debt was caused by military spending with rebuilding what Carter had gutted. George H.W. Bush had less but he also had 1 term and he got to take advantage of the spending that had occurred under Reagan, meaning he didn't need to rebuild as much.

    George W. Bush had to do some rebuilding after Clinton, and let's not forget the toll 9/11 caused on everything 9 months into his term.
    DSamuels

    Answer by DSamuels at 1:34 PM on May. 21, 2011

  • It's only been 2 1/2 years.
    The National Debt stood at $10.6-trillon on the day Barack Obama took office. But if budget projections are accurate, he'll run up nearly as much government debt in four years as President Bush did in eight.
    layh41407

    Answer by layh41407 at 11:33 AM on May. 21, 2011

  • Hmmmm...and WHO held the majority of CONGRESS during each of those president's terms, and WHAT was the UNEMPLOYMENT rate that corresponded to each of those presidents during those Congressional majorities?!


    Who Increased The Debt?


     


    I think THIS graphic shows more correlation versus causation!!



     

    LoriKeet

    Answer by LoriKeet at 11:40 AM on May. 21, 2011

  • Anytime!! LOL
    LoriKeet

    Answer by LoriKeet at 11:47 AM on May. 21, 2011

  • Thank you for posting the chart!
    minnesotanice

    Comment by minnesotanice (original poster) at 11:46 AM on May. 21, 2011

  • It's a mislead for republicans and democrats to focus on who the President is in regards to debt spending.

    The only branch of the federal government who actually controls spending is congress.

    So pay attention to patterns acording to who is in control of congress, not the presidents.

    Answer by Dkhilly 20 minutes ago

    ---------------------------
    I agree!
    minnesotanice

    Comment by minnesotanice (original poster) at 12:10 PM on May. 21, 2011

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