Friday, October 07, 2011

Obama's One Year Federal Debt Is Larger Than 8 Years Of Reagan's Debt But The Talking Points Won't Be Changed

 the public debt rose from $712 billion in 1980 to $2,052 billion in 1988, a roughly three-fold increase.
---Wikipedia "Reganonics Entry"
According to my math - $1,340 Billion in the increase of Federal debt from 1980 to 1988

October 8, 2011 - CBO Estimates that the 2010-2011 federal debt will be $1,300 billion

WASHINGTON — A government report released on Friday predicts that the federal budget hit a near-record $1.3 trillion in the just-completed fiscal year.

What are the chances that the same Progressives who have dogged out Reagan for blowing up the federal debt in 8 years because of "Trickle-Down Economics" are going to remain consistent and call out Obama for not only doing the same thing in 1 fiscal year but is also seeking to run an $487 jobs bill that is "off the books" (outside of the budget process) just like Bush's "Iraq War" that they talked about for about the last 8 years?


0 comments: