Who's been piling up debt?

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I read Gary McNeal’s letter “Don’t vote Democratic” (Sept. 28), and I’m not going to dispute his House of Representatives and Senate years that the Democrats have controlled those houses. Hopefully, he’s right.

Now let’s talk about the money. Let’s take a look at two spans in our history – one of 50 years (1931-1981) and one of 30 years (1981-2011).

During the first period, deep in the Great Depression, Franklin Roosevelt came into office, started up the Works Progress Administration, the Civilian Conservation Corps and the Tennessee Valley Authority. He created the Social Security system. Then came World War II. After the war came the Marshall Plan to rebuild Europe, then the Korean conflict followed by Vietnam. Medicare and Medicaid was created. All of that and our national debt in 1981 was $1 trillion.

The Republicans were in the White House 20 of the 30 years (1981-2011). They controlled the House 12 consecutive years, the last six during Bill Clinton’s administration and the first six years of George W. Bush’s administration.

In 1982 Ronald Reagan became president with a trillion-dollar debt, and eight years later we owed $4 trillion. Next came George H.W. Bush, and four years later we owed $5 trillion. Bill Clinton came in, and when he left we still owed $5 trillion – but he had started paying off the national debt and had a workable plan to pay it off in eight years. The Treasury was full of money.

George W. Bush came in, and eight years later we owed more than $10 trillion; the Treasury was empty and he left a budget for the incoming president with a trillion-dollar deficit. The economy he left was just about what FDR faced when he came in. Sounds like history does repeat itself.

Democrats are not that bad.

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willie7
1047
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willie7 10/08/12 - 10:31 pm
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Amen, Jim Gaughy. I am glad
Unpublished

Amen, Jim Gaughy. I am glad to see that you aren't fooled by the Repuiblican propaganda.

nofanofobama
6864
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nofanofobama 10/09/12 - 05:08 am
6
3
again we ignore history. the

again we ignore history. the prez is not an innocent bystander but its congress that controls spending. look at who controlled congress during those years...that it where the truth lies...but both parties are quility of squandering our national wealth...its just the last 4 years that it has accelerated to a rate that is totally unsustainable and has pushed us to the edge so much faster..no budget in the last 3 years....a lot of belt tighting is needed across the board ..not one more dime to DC til they spend that 1st dime is spent wisely..

wayne2410
1239
Points
wayne2410 10/09/12 - 05:32 am
7
2
Both sides have squandered
Unpublished

Both sides have squandered money which is yet another reason not to raise taxes, at least not until they can prove they can manage it. It would be like letting a drunk college student manage your budget for you with your credit card in their hand. You would soon be broke, which is where the country is now. Say no to tax and spend democrats, they will ruin us financially.

Gage Creed
18916
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Gage Creed 10/09/12 - 05:59 am
7
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Hey Jim....you forgot to

Hey Jim....you forgot to mention what the state of the economy is now? You know after 4 years of Mr. Obama's policies?

Gage Creed
18916
Points
Gage Creed 10/09/12 - 06:04 am
6
3
Looks like Jim is a single

Looks like Jim is a single minded fellow....this LTE is pretty much verbatim of a LTE he sent in November of 2011.

Angie H
4300
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Angie H 10/09/12 - 06:15 am
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2
Gage......if you repeat a lie

Gage......if you repeat a lie enough, you start to believe it yourself.

dichotomy
36284
Points
dichotomy 10/09/12 - 07:52 am
6
1
We readily acknowledge that

We readily acknowledge that ALL politicians and political parties in the past have spent our money like drunken sailors. WE THINK we have slapped the Republicans up side the head and got their attention about CUTTING SPENDING. We are now attempting to take a 2 x 4 and work on the Democrats like we did with some of the big spending Republicans in 2010.

People like to say the Republican politicians are the ones who want to cut spending and keep taxes low. It's not them......it's the conservative PEOPLE who are pushing this.......about half of the country. You know, the half of the people who have to pay ALL of the federal taxes.

Angie H
4300
Points
Angie H 10/09/12 - 10:29 am
4
1
dichotomy....actually a

dichotomy....actually a drunken sailor stops spending when he runs out of money.

Bizkit
34396
Points
Bizkit 10/09/12 - 10:41 am
4
1
Congress contols the purse

Congress contols the purse string. If you're goin' to state facts get it correct. Democrats controlled BOTH house from 1955 until 1980 (26 years).
From 1981 until 1987 the Republicans controlled the Senate and the Democrats the House.
Democrats recaptured both houses in 87 and held them until 95 when the Republicans took both houses and held them until 2005.

Since 55 the Dems have had more clout.

TParty
6003
Points
TParty 10/09/12 - 12:09 pm
2
2
FanOfObame: "the prez is not

FanOfObame: "the prez is not an innocent bystander but its congress that controls spending"

So, Obama did not increase the spending and deficit?

Angie H
4300
Points
Angie H 10/09/12 - 12:16 pm
2
2
"the prez is not an innocent

"the prez is not an innocent bystander"

dstewartsr
20389
Points
dstewartsr 10/09/12 - 08:56 pm
1
0
"So, Obama did not increase the spending and deficit?"

Nope, the worst came --and is to come, post-election-- in the years Congress was controlled with a Democratic majority. Remember The Obamessiah's summation of his attitude towards the Republican minority:, "We won, get over it," as well as his quote when reproached that none of the Republican amendments were even allowed up for a vote, "THey can ride, but on the back of the bus."

BTW, Can you imagine the outrage if a conservative of any colour used the phrase, 'back of the bus'?

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