Where were those clarion warning voices during the eight years Mister Bush and his cronies were adding $5 trillion to the national debt, $1 trillion of it a direct consequence of tax cuts for the rich?
I won't make you Google for the answer. They were in the same place they and their predecessors were when Ronald Reagan more than doubled the national debt during his eight years in office. Reagan talked a good game. His performance was something else. Just like today's nauseating Republicans. A large stimulus bill is "a horrible mistake," South Carolina Governor Mark Sanford said Sunday on CNN’s "Late Edition," with "dire consequences" for the dollar, inflation and the national debt. Now that we're in the midst of what could very well the worst economic downward spiral in 75 years, deficit spending is suddenly horrible.
Yes, for all those that want to complain about "generational theft" and can't quite comprehend what has happened without pictures, the Congressional Budget Office has a nifty little pie chart to show you were all the money went when the Bush Republicans were in charge.
So, where are all those great things that "tax cuts" were supposed to bring? Probably down in the Caymans. Bet folks like DeVos and Cheney are just laughing at the idiots out there today; after all, they made out like bandits from "tax cuts", and they got away with the lie that it would trickle down to their followers. Ha ha, joke is on us.
And still, there are none so blind as those who refuse to see...
So that $10.8 trillion that Cheney-Bush are leaving us with is not double what it was in 2001. Merely a 62% increase. In eight years. In fact, using inflation-adjusted dollars, in the past 28 years, the national debt has risen $800 billion during Democratic administrations, and a whopping $7.5 trillion during Republican administrations. Or, looked at another way, it's risen $100 billion a year during Democratic presidencies and $375 billion during Republican administrations. In the Cheney-Bush administration, it has averaged $500 billion a year.
... and denial is a very powerful thing indeed.