Quote:
Originally Posted by punch it in
Second, the national debt (adjusted for inflation) increased more rapidly under the past four Republican administrations — at an average annual rate of 10.2 percent during the Reagan administration, 8.2 percent and 5.9 percent during the two Bush administrations, and 6.8 percent during the Trump administration — compared with only 1.6 percent and 4.6 percent during the Clinton and Obama administrations, respectively.
If those four Republican administrations had been as fiscally responsible as their Democratic counterparts, the national debt would be about 70 percent lower than it is, increasing from 31 percent of gross national product in 1981 to 37 percent today — rather than the actual 123 percent for fiscal 2021. For Republicans to oppose raising the debt ceiling, and to frame this hostage-taking as a commitment to fiscal restraint, is the height of hypocrisy when their administrations have been in charge during most of the debt increase of the past 40 years.
Those are facts. But please go on about how Biden could have just waved his magic wand. Lol
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“Those are the facts”….lol.
The excuse making for this economy ain’t gonna work. It’s completely owned by this administration.