If you think your debt is bad…
Posted by Brad at 6:00am Friday, October 3, 2008
This week, the national debt passed $10 trillion. Your individual share of that is more than $33,000 and growing. When George W. Bush took office, the debt was at $5.7 trillion. It has mushroomed by more than $4.3 trillion just during his presidency alone. What’s even more interesting is that since World War II, the national debt, as a percentage of the Gross Domestic Product, has ballooned under the “small government” and “fiscally conservative” administrations of Republican presidents Ronald Reagan, George H.W. Bush and George W. Bush.
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Can we really afford another four years of a Republican administration promising “fiscal restraint”?
