wimzkl
03/05/06, 12:00 pm
If historic additions to the national debt by the party in power are an indication of that party’s conservatism, then both parties are liberal and the Republicans are by far the most liberal.:mad:
What exactly are the conservatives trying to conserve? The inequities found in any democratic and capitalist system are essential to making the system fluid and stable. The inequities found in the more mature such systems, like the aged’s hardening of the arteries, can inhibit the fluidity and destabilize the capitalism and, thus, the democracy.
All administrations over the last 53 years have added significantly to the nation’s debt. Eisenhower took office with the National Debt around $275 billion. Most of this debt had been incurred during the Civil War, the First World War, the Great Depression and World War II. At present the National Debt is almost $8 trillion more than that.
Our conservative Republican administrations have added $6,022 billion in the 33 years they occupied the White House, while our spendthrift liberal Democrats have added $1,955 billion in their 20 years. The Republicans share represents an average gain of 8.01% or $182.5 billion per year. Democratic administrations have added $80.5 billion average or about 4.64% per year. If you take Eisenhower’s $24 billion addition over eight years out of the above equation, Nixon, Ford, Reagan and the two Bush’s have added almost $6 trillion to our national debt - representing a rate of $239.92 billion or 10.22% per year.
Our 2006 national budget of over $2.77 trillion will add almost another $400 billion to our National Debt. The interest this year alone on the debt will exceed $350 billion. That is almost 14% of the total budget and almost 90% of this year’s deficit itself, and will come very close to exceeding the total of the national debt when Nixon was elected.
It should seem evident that our conservative administrations have interests other than reducing the size of our government and balancing the budget. We are building a debt that our children will eventually have to pay. We should try to make sure that they pay on an “equality of sacrifice” basis since our budget deficits reflect the significant tax breaks given to those in the highest earning households and reflect the wasteful spending programs that benefit those in our highest earning households. Our budget deficits also reflect the deception of our conservative administrations when they claim allegiance to the conservative values of smaller and more efficient government.
Should we all, including the rich and powerful (RAP,) be concerned? Absolutely! The field of inequities needs to be leveled out. Those at the top need to remember who it is that shoulders the greatest hardships in wars protecting their assets; needs to remember where they came from; and needs to remember that we Americans are all in this together. Even more, they need to recognize that the American consumer is the key to both economic prosperity and political security. Over and over the conservative leadership mouth allegiance to smaller government, meaningful tax cuts and deregulation. Their actions belie their words.
:thumbup:
What exactly are the conservatives trying to conserve? The inequities found in any democratic and capitalist system are essential to making the system fluid and stable. The inequities found in the more mature such systems, like the aged’s hardening of the arteries, can inhibit the fluidity and destabilize the capitalism and, thus, the democracy.
All administrations over the last 53 years have added significantly to the nation’s debt. Eisenhower took office with the National Debt around $275 billion. Most of this debt had been incurred during the Civil War, the First World War, the Great Depression and World War II. At present the National Debt is almost $8 trillion more than that.
Our conservative Republican administrations have added $6,022 billion in the 33 years they occupied the White House, while our spendthrift liberal Democrats have added $1,955 billion in their 20 years. The Republicans share represents an average gain of 8.01% or $182.5 billion per year. Democratic administrations have added $80.5 billion average or about 4.64% per year. If you take Eisenhower’s $24 billion addition over eight years out of the above equation, Nixon, Ford, Reagan and the two Bush’s have added almost $6 trillion to our national debt - representing a rate of $239.92 billion or 10.22% per year.
Our 2006 national budget of over $2.77 trillion will add almost another $400 billion to our National Debt. The interest this year alone on the debt will exceed $350 billion. That is almost 14% of the total budget and almost 90% of this year’s deficit itself, and will come very close to exceeding the total of the national debt when Nixon was elected.
It should seem evident that our conservative administrations have interests other than reducing the size of our government and balancing the budget. We are building a debt that our children will eventually have to pay. We should try to make sure that they pay on an “equality of sacrifice” basis since our budget deficits reflect the significant tax breaks given to those in the highest earning households and reflect the wasteful spending programs that benefit those in our highest earning households. Our budget deficits also reflect the deception of our conservative administrations when they claim allegiance to the conservative values of smaller and more efficient government.
Should we all, including the rich and powerful (RAP,) be concerned? Absolutely! The field of inequities needs to be leveled out. Those at the top need to remember who it is that shoulders the greatest hardships in wars protecting their assets; needs to remember where they came from; and needs to remember that we Americans are all in this together. Even more, they need to recognize that the American consumer is the key to both economic prosperity and political security. Over and over the conservative leadership mouth allegiance to smaller government, meaningful tax cuts and deregulation. Their actions belie their words.
:thumbup:
