Ben Buchwalter


$11 Trillion National Debt… Priceless
October 13, 2008, 2:10 pm
Filed under: Economy | Tags:

Daily Kos questions the meaning of “fiscal conservative.”

When Jimmy Carter entered the White House, the national debt was $660 Billion.

Added during Carter’s four years: $337 billion.
Added during Ronald Reagan’s eight years: $1.6 trillion.
Added during George H. W. Bush’s four years: $1.6 trillion.
Added during Bill Clinton’s eight years: $1.5 trillion.
Added during George W. Bush’s seven years, nine months: $4.5 trillion.

Portion of the $9.5 trillion added to the national debt during the past 31 years and seven months that came during Republican presidencies: $7.7 trillion.

Percentage of that $7.7 trillion added during George W. Bush’s two terms: 58%.

Could somebody explain again what “fiscal conservative” means?

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