Republicans Responsible for Massive Deficits and Debts

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Republicans accuse Democrats of being fiscally irresponsible. But as the video above shows, it’s Republicans who are responsible for running up the Debt & Deficits due to excessive Military Spending and Tax Breaks for the Rich

 

National Debt exploded under REPUBLICANS Ronald Reagan & George H.W. Bush due to excessive military spending and tax breaks for the RICH.

This was all part of the “Two Santa Clauses” plan whereby they run up the debt & cut taxes when a Republican is President so they are viewed as a good “Santa Clause”. Then when a Democrat is President, Republicans scream about the National Debt, refuse to increase the debt ceiling, shut down the government if necessary to stop Democrats from spending any money on social programs which could help working Americans. Be sure to watch the SHOCKING video below about this.

 

REPUBLICANS increase the National Debt with excessive military spending and tax breaks to the RICH so there’s no money for Social Programs which benefit the middle class & the poor

 

 

The above video explains how for the past 40 years since Ronald Reagan was President, Republicans have been victimizing American using a tactic called the “Two Santa Clauses”,  whereby they run up the debt & cut taxes when a Republican is President so they are viewed as the good “Santa Clause”. Then when a Democrat is President, Republicans scream about the National Debt, refuse to increase the debt ceiling, shut down the government if necessary to stop Democrats from spending any money on social programs which could help working Americans.

In this way, Republicans are literately punishing Americans for voting for Democrats who are dedicated to helping the middle class and the poor while doing everything possible to make sure Democrats can’t help the middle class and the poor, to make them look like the “Bad Santa Clause”.

This is another example of how Republicans are RUTHLESS… ONLY caring about seizing, maintaining power, being subservient to Corporate Interests and the RICH.

 

Republicans are Debt Ceiling Hypocrites who spend more & raise the debt when a REPUBLICAN is President then demand cuts in spending when a Democrat is President

 

GOP demolished with debt facts: Trump and Bush drove the trillion dollar deficits

After Trump’s historic spending spree, the GOP now calling for cuts under Biden. MSNBC’S Ari Melber shows you how Trump is responsible for 25% of U.S. debt, rising by $7 trillion and explains how the party of Reagan became the party of MAGA brinksmanship.

 

The national debt was increased by a projected 8 Trillion by Trump and Republicans due to military spending and tax breaks for the RICH

 

Sabotage: The Story Behind The Republican Party’s “Top Political Priority”

 

Inventor Of Trickle Down Economics Says Trump’s Tax Plan Is “Dead on Arrival”

David Stockman, the economist who developed the theory of trickle down economics during the Reagan administration, says that Trump’s tax plan is a giveaway to the wealthy elite and that it will result in an economic downturn. Stockman has admitted that his theory of trickle down economics is implausible, and he regrets the damage that his policy has caused this country.

 

Trump Tax Cuts Add WAY More Debt Than Advertised

“Experts” low-balled the amount of debt the Republican tax plan would entail.

 

Republicans vote to De-fund the IRS

 

Republicans Lying About Social Security

 

The above video explains how George W. Bush took Democrat’s and Bill Clinton’s budget surplus and exploded the debt by almost 10 Trillion, doing what Republicans always do…. giving Tax Breaks to the Rich (as shown in the graphs below) and then tanked the economy.

 

Republicans are demanding stricter work requirements in the debt ceiling fight, which also include GOP demands for cuts targeting the poor. “You’re taking people off of SNAP, off of food stamps, and Medicaid,” MSNBC’s Ali Velhi tells Joy Reid. “What kind of country is looking to have fewer people have enough.”

 

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As shown in these graphs, Republicans are responsible for reckless spending and will NEVER have a balanced budget due to their “Trickle Down Economics”, “Starve the Beast” and “Two Santa Clauses” tactics.

 

 

Obama calls out Republicans for Causing Deficits and Debts

 

The Grover Norquist Tax Pledge which says Republicans shall never raise taxes helped skyrocket the Debt.

 

In an original broadcast essay, Bill says there’s more to Grover Norquist’s anti-tax pledge than ideology or principle — it’s also about Norquist’s efforts keep taxes low for his donor base of billionaires.

 

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In this chart, the RED lines on the left side – the ones that keep doing DOWN – show what happened to jobs under the policies of Bush and the Republicans. We were losing lots and lots of jobs every month, and it was getting worse and worse. The BLUE lines – the ones that just go UP – show what happened to jobs when the stimulus was in effect. We stopped losing jobs and started gaining jobs, and it was getting better and better.

The leveling off on the right side of the chart shows what happened as the stimulus started to wind down: job creation leveled off at too low a level.

It looks a lot like the stimulus reversed what was going on before the stimulus. We have gone from losing around 850,000 jobs a month to gaining over 200,000 jobs a month.

Conclusion: THE STIMULUS WORKED BUT WAS NOT ENOUGH!

More False Things

These are just three of the false things that everyone “knows” because places like Fox News repeat them over and over and over. Some others are (click through): Obama bailed out the banks, businesses will hire if they get tax cuts, health care reform cost $1 trillion, Social Security is a Ponzi Scheme or is “going broke”, tax cuts grow the economy, government spending “takes money out of the economy.”

Actually This Reduced Spending And Lower Deficit Have Hurt The Economy

Government spending is literally, by definition, the things that government does to make our lives better. People have been tricked into thinking that government spending is somehow bad. The billionaires and giant corporations spread this nonsense around because they are greedy and just want their taxes lower. The top income tax rate used to be more than 90 percent and the top corporate tax rate used to be more than 50 percent. That was back when we built this country’s great infrastructure, had good schools and defended the world against the Soviet Union. We also had higher economic growth and a growing middle class.

Government spending does not “take money out of the economy.” In fact it puts money into the economy, creates jobs and lays the foundation for future prosperity. The decline in government spending shown in the charts above is the reason that the economy remains sluggish and jobs are still hard to get. Just look at that chart showing what the stimulus spending did for the job situation. But since the stimulus ended, Republicans have obstructed every effort to continue to use our government to help our economy.

 

Presidential Data 2023

Ten of the last eleven recessions have occurred under Republican Presidents. Democratic presidents create more than twice as many jobs per year as Republican Presidents. Republican presidents’ deficits are 9% higher as a percent of GDP. GDP grows 44% faster under Democratic Presidents.

Shows much higher job growth under Democrats

 

WASTING TRILLIONS ON THE MILITARY

Pentagon buries evidence of $125 billion in bureaucratic waste

The military feared Congress would use the confidential data as an excuse to slash defense spending.

 

As shown in the above graph, the United States spends more on the military than Russia, China, the UK and 11 more countries COMBINED. Our troops are all over the world and that is wrong. We should bring our troops home and mind our own business.

 

Eisenhower’s Warning: Military Industrial Complex’s Growing Budget

United States military spending has ballooned since World War II, although Americans have historically been reluctant to go to war.

 

Military Spending is out of control