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In approximately 4 weeks, the Tea Party Extortion Battalion will, once again, hold the nation hostage to their ahistorical and ignorant faith-based ideology. Treasury Secretary Geithner says May 16 is when the national debt ceiling will need to be raised in order to continue to pay the nation's bills. Shifting funds around can buy some additional time, but, at best, only until the middle of July.
Here's the intelligence or honesty levels of newbee, greenhorn Tea Party House Republicans when it comes to America's debt.....
“We want to see real structural, cultural-type changes tied to this debt ceiling. We’re not interested in a one-off kind of savings, or anything small,” said Representative Mick Mulvaney, a first-term Republican from South Carolina. “There has got to be game-changing kinds of changes to get us to vote for it.”
He dismissed warnings about default as “just posturing,” and said Democrats should bear the responsibility for passing any measure to increase the borrowing limit.
“It’s their debt,” he said. “Make them do it. That’s my attitude.”
Often, Tea Party spokepeople say the most ignorant things. Sometimes it's for effect, as when Caribou Barbie or Bachmann-in-Overdrive spout off some cartoonish drivel to stoke Tea Party hysteria. Taken as a whole, however, the Tea Party extremists have demonstrated a proclivity towards ignorance of America and it's history. The numerous redstate attempts at nullification of federal laws is but one prime example.
Sunshine is alleged to be the best disinfectant.....so let's direct a little factual sunshine onto what the Tea Party newbee from South Carolina had to say about the debt. "It's their debt".....meaning, America is bumping up against the national credit card limit next month because of Democrats.
Here is a table listing, by presidencies, of the increase or decrease in national debt as compared to Gross Domestic Product from Truman to Bush, the Younger....
The table is self-explanatory. As you can easily see, our highest accumulation of national debt in the past 60 years has occurred under Republican presidents.....and in particular the presidency of Ronald Reagan. Reagan is often cited by conservatives as the greatest president in modern times. Reagan admirers point to the (at the time) unprecendented economic growth during the Gipper's tenure..... and that's fair and fine and all....as long as the fact that during Reagan's two terms our national debt level grew at an unprecendented rate is not forgotten or denied in the discussion.
Looking at our nation's modern history with debt another way.....
Again, in chart form, it is beyond reasonable doubt to claim that it has been during Republican presidencies when our still-lingering-today debt problem accumulated. Notice the spike in debt levels during Reagan....but also notice the severe incline spike during Bush, the Younger. During W's calamitous 8 year presidency our national debt doubled. Not only did the debt double under W. but Schrub also left projections of even more deficits and debt for many years after he left office.
Now to Obama's presidency. Before Obama became the Bipartisan Buckler he is today, he exhibited characteristics of a fighter who would fight Republican lies with factual information. Like here....
"The fact of the matter is, is that when we came into office, the deficit was $1.3 trillion. — $1.3 [trillion.] So when you say that suddenly I’ve got a monthly budget that is higher than the — a monthly deficit that’s higher than the annual deficit left by the Republicans, that’s factually just not true, and you know it’s not true.
And what is true is that we came in already with a $1.3 trillion deficit before I had passed any law. What is true is we came in with $8 trillion worth of debt over the next decade — had nothing to do with anything that we had done. It had to do with the fact that in 2000 when there was a budget surplus of $200 billion, you had a Republican administration and a Republican Congress, and we had two tax cuts that weren’t paid for.
You had a prescription drug plan — the biggest entitlement plan, by the way, in several decades — that was passed without it being paid for. You had two wars that were done through supplementals. And then you had $3 trillion projected because of the lost revenue of this recession. That’s $8 trillion.
Now, we increased it by a trillion dollars because of the spending that we had to make on the stimulus. I am happy to have any independent fact-checker out there take a look at your presentation versus mine in terms of the accuracy of what I just said."
Everything Obama said in responding to a Villager's gotcha' question was factual. The truth is that during Reagan's leadership, proceeding through Bush, the Elder's....and entirely out-of-control during Bush, the Younger's.....our nation accumulated the vast majority of today's national debt. The debt which today is being called "their debt", the Democrat's debt, by ignorant, ahistorical conservative extremists positioning themselves for yet another hostage crisis situation next month.
Yes, truth be entirely told, over decades, Democrats and Republicans in Congress have both contributed to the debt problem we face today....but it is indisputable that it has been under the leadership, the direction, and the policies of Republican presidents when the national debt was accumulated.
No equivalency-seeking Villager or ignorant, extremist, newbee Tea Party-elected official will ever change that truth.