Thursday, July 21, 2011
Which Party’s Presidents Created The Debt? Anyalysis From 1938 – 2004
The chart below shows the United Stated national debt (per Microsoft’s Encarta Encyclopedia[1]) with the various Presidents’ terms marked by vertical lines. Under Clinton the growth in debt ceased, but note the radical change in direction debt has taken since George W. Bush entered office. There is no question that the steepest upward rises in debt take place when Conservative Republican Presidents are in office (see red below). More here....
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