We the People Need Jubilee: Lion's Share of the National Debt Incurred under GOP Pretzeldents

[Octafish]

Hey, DUers!

Freak out your conservative friends by telling them we need to celebrate Jubilee like in the Old Testament.

Jubilee was the seventh year in the Old Testament. Like the Sabbath being a special day, it was a special year and ALL debts were forgiven.

Fat chance, in Smirko and Abramoff’s America.

Still -- it's a fact, Jack:

Most of the National Debt incurred under GOP Administrations.



Source: http://www.lafn.org/politics/gvdc/Natl_Debt_Chart.html

Up until Ford, the national debt totaled $493 billion. No small sum, but still under half a trillion bucks.

Ford added: $161 billion to national debt in '75 and '76.

Carter added $276 billion to national debt from 1977-1980.

Reagan added $1,672 billion to national debt from 1981-1988.

Poppy Bush added $1,462 to national debt from 1989-1992.

Clinton added $1,609 to national debt from 1993-2000.

DimSon Bush added $2,833 to national debt from 2000-2006.

That totals to a nice , $8,506 billion.

I found the guy’s 2007 budget resulted in … red ink.

To service this national debt now requires $500 billion per year in interest payments. That’s money that can’t be used for anything other than interest for the national debt. $500 billion would fix a lot of schools, hire a lot of cops, buy a lot of body armor.

Knowing Bush and his cronies, it’s no accident.

[leveymg]

1. If I were cynical, I'd say the very purpose of GOP Presidents is to create debt, and the interest

payments to the financial industry and foreign lenders that go with it. All the while, they repeat Republican mantra about "low taxes", knowing full well that the costs to the taxpayers of compounded debt will be far higher.

Yah! Bloody right, we shouldn't have to play into these sleazy salesman's games of lowball, and bait and switch. We sure as hell shouldn't have to burden our children with the cost of fraudulent wars.

Everything done by the Bush-Cheney Administration has been a fraud.

Any deal based on fraud is null, even if the victim signs a contract - that's a basic principle of law. Fraud means No Deal - that contract is uninforceable. Federal debts incurred since FY 2001 have been fraudulent. They're nullities.

So, let the GOP, the corporations that back them, and foreign sovereign funds that buy up their debt instruments, pay restitution and damages to us, the American people, for our losses. If they refuse, we'll seize their assets and throw them all in the prison camps built by Halliburton.

[Octafish]

5. Excellent idea, leveymg.

Make the crooks pay for the damage they've done.

And if they claim poverty, have Switzerland turn over their share of the loot.

[lumberjack_jeff]

23. It's worse than that. It's shock doctrine.

Borrowing as much money as possible year after year has devalued our very currency.

The economic shock that this arson will produce will make us ripe for remaking our economy in the Cato institute image.

[Warpy]

2. The GOP aint spendaholics as much as taxaphobics

and that's where they run into trouble. They always cut taxes on the wrong set of folks and end up fouling up the consumer economy, 2/3 of the larger economy.

Their wars are a small contributor to this picture. Their tax cuts always have been and always will be ruinous to the treasury and to the economy.

[Octafish]

6. Corporations used to pay 2/3 of federal taxes

Pruneface McRaygun reduced their rate from 50- to 28-percent.

From what I remember, that shrunk their piece of the pie to a third.

So now, the American individual taxpayers pay 2/3.

No wonder they, like the Mafia, consider law-abiding citizens "mopes."

[SoonerPride]

3. The myth of fiscally responsible

The Republicans are thieves and liars.

[Octafish]

7. Shoulda made it clearer: More than 2/3 of national debt incurred under RECENT GOP administrations.

Since 1976, here are the numbers:

DEM

Carter 276
Clinton 1,609

Total Dem: 1,885


GOP

Ford 161
Pruneface 1,672
Poppy 1,462
Smirko 2,833 (through 2006 only!)

Total Puke: 6,128

[angstlessk]

4. wait a minute..ford lowered..and clinton lowered..yet you have both 'added'????

what's that about?

[Octafish]

8. Both 'added' to the debt.

While their additions are lower than the other administrations, they still added to the debt.

Ford added $161 billion. Clinton added $1,609 billion.

Pruneface McRaygon ran up numbers that tripled the national debt.

Poppy almost doubled that -- in four years.

Then, Clinton had to battle for eight years to get the budget under control. It was his greatest achievement, IMFO.

Edit: Removed snarkiness.

[angstlessk]

11. I understand, they began with the budget of the last president

which adds to the debt each year..and from there he must change the tax structure and spending in order to lower the impact each year...cause he is downsizing an already bloated budget.

[Octafish]

16. Exactly. There is near-zero discretionary spending to cut anymore.

So, while the richest of the rich see their tax burden lightened,
the poor lose out on funding for work- and welfare-programs.
The middle class pays more in social security and other taxes on wages.
Everybody loses out on funding for public education --
among a host of other social spending programs from police and fire to the arts and early child development
to caring for aging parents and public healthcare.

We needed the newspapers and broadcasters to create charts and graphs and good summations,
so the American people would knwo what was going on. Instead, our information environment is filled with crapola
from Britney and Angelina and whatever else they can use to distract and entertain.

Where's Corporate McPravda when you need it?

Wash. Times blamed Va. budget deficit on "social welfare," but state's programs are among country's least-funded

Ironically, it's Rev Moon's paper that came through.

[DemReadingDU]

9. morning kick

[Octafish]

13. This serves the interests of Big Money -- and I do mean serve.

All that red ink and nothing to show for it -- except war, suffering, no universal health care, increased poverty, a reduced standard of living and a shredded Constitution of the United States.

And one-sixth of the $3 trillion federal budget -- $500 billion per year -- is in interest. Of course, that only helps speed the transference of wealth from the middle classes to the upper-upper class.

[lonestarnot]

10. NATIONAL FUCKING HOLIDAY! wOOT! But dumb ass doesn't even know he

ALREADY HAS THIS POWER! LOL

[Octafish]

14. We are SOOOO lucky monkey is stupid.

I shudder to imagine the evil
the little turd from Crawford could accomplish
were he to have even an average IQ.

[CatWoman]

12. and yet, people still keep putting these fucking clowns in power!!!

:hi: Octi

:)

[Octafish]

15. Some people are dumber than others. What can I say?

I disagree with these idiotic traitors.
Like you, CatWoman, I'm a Democrat
and I believe all people are created equal
and have the God-given and legal right
to freedom, health, wealth and happiness.



Why some people can't figure that out is due to candlepower and upbringing.

Great to read you, Bellisima Hermana de Felix!

[lonestarnot]

17. I wonder why not much reaction to this?

:shrug:

[Octafish]

18. Heh. Yeah. It seemed like a good idea at the time...

What could it be?

Too many words?
Too many pictures?
Too many facts?

Wrong author?

[lonestarnot]

21. Maybe when it seems too good to be true, it is too good to be true,

:shrug: but it is true... :rofl:

[lumberjack_jeff]

24. Could be that a quarter of that debt is owed to you and I and other future retirees.

There's that.

[kineneb]

19. I think a jubilee year would be a great idea.

but the greedheads would never go for it (might cut into short-term profits), never mind it would bail out their precious failing banks...

short-term planning leads to long-term loss, or- penny wise, pound foolish.

[defendandprotect]

20. Bankrupting the Treasury should be TREASONABLE offense --- IMPEACH--!!!

[lonestarnot]

22. Yeah that too!

[lonestarnot]

25. kick

[bobthedrummer]

26. Kick, and remember-you can't buy an election in a democracy ladies and gentlemen, boys and girls eom