Western Vale Confederacy wrote:The Derpy Democratic Republic Of Herp wrote:
A right wing person promises to somehow fix the debt but then just adds to it when elected.
This is why I like people who say they will run a deficit, at least they are being honest about it.
The left-wing person running a thousand and one social programs isn’t gonna Thanos snap away the debt as well, just sayin’.
However...
In terms of total increase in "federal debt to GDP" under U.S. presidents in the post-World War II era, Republican presidents during their terms have contributed far more to the debt load of the nation than Democrats.
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As the debates on who is responsible for the levels of federal debt continue to play out in the next 10 days before the election and the 66 days before the US hits a fiscal cliff, remember that the worst contributors to America's debt load were mostly GOP presidents
Because we can't have a discussion that doesn't include a 'but Obama...'
Gerald Ford, Ronald Reagan, George H.W. Bush, and George W. Bush all added to the federal debt significantly on a percent of GDP basis. On the Democratic side, President Obama -- who inherited the worst financial crisis in this era from his predecessor -- also ranks high in terms of contributing to the federal debt as a percentage of GDP.
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with the single exception of Obama, who had a global economic tsunami crashing in on the White House and nation when he took the helm.