By Craig Cheslog, on July 30th, 2011%
With Republican politicians and the Tea Party movement pretending that all budget matters began the day President Obama was inaugurated, Paul Begala takes the time to set the record straight about how the GOP's policies have driven our nation into the fiscal ground.
As he reminds us, President Clinton presided over the first balanced budgets in decades. When he left office, there was black ink projected for years to come. The chairman of the Federal Reserve was even worried about what would happen when the nation had no bonds left to sell. As Begala notes:
Indeed, experts projected surpluses as far as the eye could see. $5.7 trillion in surpluses, to be exact. The surpluses were so strong that deep into the future—in 2009—the entire national debt was . . . → Read More: How Republicans Squandered Trillions of Surpluses
By Craig Cheslog, on July 16th, 2011%
Since 1960, the national debt has been permanently increased, temporarily extended, or had its definition revised 49 times under Republican presidents and 29 times under Democratic presidents.
Yes, you read that right.
And, of course, the national debt ceiling was increased under President George W. Bush because of his fiscally irresponsible tax cuts and his wars without any controversy among Congressional Republicans.
Interesting how nothing that happened before January 20, 2009 matters, . . . → Read More: National Debt Ceiling Fact
By Craig Cheslog, on April 20th, 2011%
Columnist Matt Miller wonders why the political media are overlooking an important point about the House Republicans' budget plan:
Remember that great scene in the 1980 film classic, “The Shining,” when the wife comes upon the typewriter of the Jack Nicholson character, who’s supposed to have been working night and day for months on his novel? To her horror, she finds thousands of pages on which Jack has typed, “All work and no play makes Jack a dull boy,” formatted in countless, crazy ways. Suddenly his suspected madness becomes all too frighteningly real.
Well, debt limit mania has driven me to a similar frenzied state. If my wife came across my manuscript it would read, “The House Republican budget adds $6 trillion to the debt in the next . . . → Read More: The GOP’s Debt Hypocrisy
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