Archives For deficits

Deficit

It is interesting to see that 75% of our current deficits came from Republican administrations….

To appease one of my commentors the chart above was apparently generated from 2010 data. See the comments to learn more….

Reagan ObamaOne of my favorite FaceBook pages is a group called “Living Blue in a Red State”.  Having lived in Indiana most of my life I can so relate to that theme. I don’t know if you have noticed this but for as long as I can remember when the network news starts on presidential election night they always start with “We are ready to call a State for (whichever Republican is running) and then they say Indiana. I know what it is like to live Blue in a Red State. I don’t know if I am true blue or just a shade of purple but one thing is for sure, except for my bleeding heart I am NOT red! I simply care too much for my fellowman to throw any of them under the bus as so many of those “red” folks tend to do.

A recent post on the “Living Blue..” site showed the picture to the right.  Up until 1980 I most often voted for Republicans. Maybe it was because I just hadn’t matured enough to know what I was doing! :)  But when Mr. Reagan was running his “trickle down” logic just made no sense to me. His anti-government stands were just too radical for me.  I am a firm believer in the purpose of government is to do the people’s business and to protect us from the inevitable abuses of a capitalist system.  Mr. Reagan espoused almost an opposite view from me.  So as the Bible says I for the most part shook off the dust from my sandals and went elsewhere with my vote. I think that if things continue the way they are now many more people who vote Republican will be doing likewise.

But of course if Reagan were running today he would be quickly dismissed by the folks who control the current GOP as just too liberal. But there is at least a substantial group of Republicans who continue to treat Reagan as some sort of god of the GOP. While Mr. Reagan was in office he basically tripled the deficit but that is seldom mentioned by my conservative friends. Instead they like to rant on and on how Mr. Obama drastically increased it when he came into office. I am certain that if Mr. Bush had not left the country on the verge of financial Armageddon due to his constant cutting of regulations Mr. Obama’s deficits would be minuscule. My Tea Party friends love to say that they would have just let the country go down in flames instead of bailing out those too big to fail. But then again the so-called bailout is turning out to be one of the most profitable investments made by government in many years.  They have now actually turned a pretty substantial profit as a result of the bailout and as soon as Wall Street quits playing with the price of General Motors stock and allows it to reach its real value the government profits will go up even more.

Now I’m not saying as most Republicans were chanting in the 1980s that deficits are actually a good thing.  Mr. Stockman and his crowd had them thoroughly convinced that deficits were actually good for the country. I have always been one to live within my means and I think our governments should also except maybe under extraordinary circumstances and there have been only a few “extraordinary circumstances” in my lifetime….

About The Debt…

November 28, 2012

We are three billion in the hole and will be three billion more next year, and not a Congressman has got the nerve to ask voters to pay part of it.  —  January 29, 1933    Will Rogers

Obviously this quote was said long before even Grover Norquist’s parents were born but it is equally true today as it was in Will’s time. The fact of the matter is up until President Bush, taxes have always gone up to help pay for our wars. But when so many  from the GOP crawled up to the altar of Mr. Norquist with their pledges to NEVER raise taxes this tradition was very unwisely flushed down the toilet. When will we ever learn to never say never? Sometimes it seems that those guys in congress love their party more than the love their country. I don’t know; I’m just a simple guy but it seems that way to me. Continue Reading…

About That Debt….

September 26, 2012

I know there is a lot of fury going on now about how President Obama has increased the national debt. So, when I came across this graph it got my attention. I have had several ranters here lately who proclaim that “that idiot Obama is bankrupting the country”. They go on and on about the increased deficit and how it is their sole reason to drive that “idiot” out of office. I am going to try and give you some insight into this situation but as President Clinton said recently you are going to have to pay attention…

Continue Reading…