So what the Republicans are offering is to give a middle class tax cut this year but pay for it by saying they will not spend some money in some other program 10 years from now. It seems to me, although I am no economist, that is actually increasing the current debt. What ever happened to Republicans being the fiscal conservatives? You know, the ones who want to balance budgets and reduce borrowing? At least the Democratic plans pay for the middle class tax cut without increases the current debt.
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3 December 2011 at 11:10 pm
Republicans being fiscal conservatives, now that is funny. They talk a good game but that is all it is, just talk. If you look back at the historic national debt (you can find it on the treasury departments website) it will give you the actual amount of the national debt at the end of each budget year. If you break it down by each President’s budget years while they were in office, here is what the percentage of increase in the national debt is for each:
Reagan 186.4%
GW Bush 105.1%
Nixion/Ford 97.6%
GHW Bush 54.4%
Carter 42.8%
Clinton 31.6%
And Clinton was the only one to balance a budget. Republicans and fiscal conservatism don’t belong in the same sentence.