Recall in September 2000, during President Clinton’s last year in office, the National Debt Clock had the reverse problem. It was shut down because “it started ticking in the opposite direction, shaving off roughly $30 a second.”
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”?
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