So you think that this is a problem for the next generation, do you?

This could very well be a post on the problems that average Americans are facing because of their addiction to deficit spending known as CREDIT….but ….Not now……this is about something that every politician has on his lips these days…..both Dem as well as repub….it is the National Debt…..the bane of the country…..

The Federal deficit is NOT necessarily the same thing as the National debt……I know…I know…according to the windbags on the tube and radio…it is the same thing……if you believe that…YOU ARE WRONG!

That is another post…..let us talk about the debt……and we all know what the Repubs think about the debt and who put us in the shape we are in….it is those despicable Dems that are at fault…..right?

This phenom is NOT something new…as a matter of fact it began with Alexander Hamilton from the very beginning of the country and it has NOT slowed down since…just an occasional hiccup now and then….

To answer that question let us look at a little history of the US debt……..this from the cedarcomm.com website…….

Since 1938 the Democrats have held the White house for 35 years, the Republicans for 36.  Over that time the national debt has increased at an average annual rate of 8.5%.  In years Democrats were in the White House there was an average increase of 8.3%.  In years the Republicans ran the White House the debt increased an average 9.2% per year.  Those averages aren’t that far apart, but they do show a bias toward more borrowing by Republicans than Democrats even including World War II.

If you look at the 60+ year record of debt since the end of WWII, starting with Truman’s term, the difference between the two parties’ contributions to our national debt level change considerably.  Since 1946, Democratic presidents increased the national debt an average of only 3.2% per year.  The Republican presidents stay at an average increase of 9.2% per year. Republican Presidents out borrowed and spent Democratic presidents by a three to one ratio.  Putting that in very real terms; for every dollar a Democratic president has raised the national debt in the past 63 years Republican presidents have raised the debt by $2.84Prior to the Neo-Conservative takeover of the Republican Party there was not much difference between the two parties’ debt philosophy.  They both worked together to minimize it.  However the debt has been on a steady incline ever since the Reagan presidency.  The only exception to the steep increase over the last 30 years was during the Clinton presidency, when he brought spending under control and the debt growth down to almost zero.

Comparing the borrowing habits of the two parties since 1981, when the Neo-Conservative movement really took hold and government spending raced out of control, it is extremely obvious that the big spenders in Washington are Republicans and their party’s presidents.  The only Democratic president since then, Mr. Clinton raised the national debt an average of 4.3% per year.  The Republican presidents (Reagan, Bush, and Bush II) raised the debt an average of 10.8% per year.  That is, for every dollar a Democratic President has raised the national debt in the past 30 years, Republican presidents have raised the debt by $2.52.  Any way you look at it Neo-Conservative Republican presidents cannot or will not control government spending.

The fact is that Reagan was able to push his tax cuts through both Houses of Congress, but he never pushed through any reduced spending programs.  His weak leadership in this area makes him directly responsible for the unprecedented rise in borrowing during his time in office, an average of 13.8% per year.  The increase in total debt during Reagan’s two terms was larger than all the debt accumulated by all the presidents before him combined.  From 1983 through 1985, with a Republican Senate, the debt was increasing at over 17% per year.  While Mr. Reagan was in office this nation’s debt went from just under 1 trillion dollars to over 2.6 trillion dollars, a 200% increase.  The sad part about this increase is that it was not to educate our children, or to improve our infrastructure, or to help the poor, or even to finance a war.  Reagan’s enormous increase in the national debt was not to pay for any noble cause at all; his primary unapologetic goal was to pad the pockets of the rich.  The huge national debt we have today is a living legacy to his failed Neo-Conservative economic policies.  Reagan’s legacy is a heavy financial weight that continues to apply an unrelenting drag on this nation’s economic resources.

So now you see where the yelling and screaming about the deficit came from and where it has gone and who is more responsible for the problems than others……but they have seen the light….they will work hard to bring done the deficit and control spending….and you believe these notorious liars?  Why would you…this has all been said before and look what they have accomplished after promising different….Why would you believe them again and again and again…..and re-elect them again and again…..and have their promises broken again and again?

Where have we gone wrong?

You first mistake is putting your trust in a group of people that could care less about your future or your family….regardless of the smoke they blow up your ass…..second…you are just plain lazy, if not stupid, and cannot be bothered with issues….and thirdly…nothing will get better or different as long as you walk around with your head shoved up your ass……

To Be Continued………