Doonesbury's Debt Facts

Rarely do I read the Doonesbury cartoon strip by Garry Trudeau, which is more political comment than “comic.” But, today I did and picked up some very interesting facts that check out with actual history. Here is a word-for-word repeat of what is shown in this strip.

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Since 1776, the United States has accumulated a national debt of $9 trillion, over half of which was incurred when a Bush was on watch! What a family legacy. If you throw in Reagan, fully 70% of the national debt was created under just three Republican presidents. What’s more, they didn’t even try to restrain spending! Out of 19 submitted budgets, only 2 were balanced.

So, here’s my question. Where did the myth of GOP fiscal responsibility come from?
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That’s a very good question. After all, it is the Republicans who always accuse the Democrats of “tax and spend” and talk a good game of wanting a smaller government. Smaller government? Has anyone looked at the new US embassy in Baghdad?

Of course the GOP reduces taxes on the rich and spends the money of the middle class like crazy, leaving the debt for some other poor shnook to pay.