WorstPresidentEver gave us two NAT'L DEBT records in a single month--

[mistertrickster]

Set 50-Year Record of 70 percent of GDP set on Sept. 22.

Broke through $10 Trillion on Sept. 30, 2008.




The gross national debt compared to GDP (how rich we are) reached its lowest level under CARTER as Reagan took office in 1981.

It skyrocketed for 12 years through Bush I. Clinton reversed it at a peak of 67%.

Bush II crossed that line on Sept. 22 and hit 69% on Sept 30. That's the highest it's been since 1955 (53 years ago).

Bush did three things to skyrocket the debt from $5.7 trillion to $10 trillion:

1. He lowered taxes on the rich (by far the biggest item).

2. He invaded Iraq instead of winning in Afghan-Pakistan (another $600 B).

3. He loosened controls on Wall Street.

http://zfacts.com/p/318.html

[HCE SuiGeneris]

1. This is a great visual for exposing the huge damage "Raygun"

and the BFEE perpetrated against the people of this country.

[mistertrickster]

3. Absolutely, most CONs have no freaking clue what the CONs have done. nt

[daninthemoon]

7. lots of people will find a way to see those as good numbers. Theyll

say that the rising debt doesn't matter as long as other things alos go up. it seems to me that what these numbers show is that republican administrations find ways to borrow money and give it to their friends. the myth is that it trickles down to the rest of. the relity is that when a dem admin finally gets back in, things start to get in a more sensible balance, yet we're still encumbered with the mess the repugs left. one step forward, two steps back.

[Phred42]

2. Here's another way to see it. WIth a little different info

This was done about 6 months ago so it's a little dated

[mistertrickster]

4. This is great. 6 mos and BushCo already punched through 10 trillion. nt

[MidwestTransplant]

5. Obama is going to have to run up the debt even higher than that I'm affraid.

[Phred42]

6. True - but ending Iraq should help some