This thread is truly moronic. When the Democrats have the Presidency, you blame the President for increased debt. When the Republicans have the Presidency, you blame the Congress for increased debt. You can't have it both ways.
If you blame the President, which is after all the topic here, then, using your figures, in Carter's four years starting in 1976, the debt went from $654B to "almost $1 trill." But if you adjust for the inflation we had then, that 11% per year is a net DECREASE in debt. Yet Reagan and Bush managed to quadruple the debt between 1980 to 1992, for an annual increase of 12%, which is higher than the inflation in that period, for a net INCREASE in debt. Then from 92 to 94, the debt only increased from "$4 trill to $4.7 trillion," or about 4% per year, again a net DECREASE after adjusting for inflation.
This is asinine. I'm outta here.
Dave |
