Reagan’s Debt is Obama’s Accounting Error

According to this article,

Obama has sent us–you, me, our entire country–deeper into debt than Washington, Adams, Jefferson, Madison, Monroe, Adams, Jackson, Van Buren, Harrison, Tyler, Polk, Taylor, Fillmore, Pierce, Buchanan, Lincoln, Johnson, Grant, Hayes, Garfield, Arthur, Cleveland, Harrison, Cleveland, McKinley, Roosevelt, Taft, Wilson, Harding, Coolidge, Hoover, Roosevelt, Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, and Reagan COMBINED!

Reagan’s political opponents loved to point out how much he increased the debt.  Seems Reagan’s total 8 year debt would only be an accounting error in Obama’s regime.

“By contrast, President Reagan was sworn into office on Jan. 20, 1981 and left office eight years later on Jan. 20, 1989.  At the end of fiscal 1980, four months before Reagan was inaugurated, the federal debt held by the public was $711.9 billion, according to CBO.  At the end of fiscal 1989, eight months after Reagan left office, the federal debt held by the public was $2.1907 trillion.  That means that in the nine-fiscal-year period of 1980-89–which included all of Reagan’s eight years in office–the federal debt held by the public increased $1.4788 trillion.  That is in excess of a trillion dollars less than the $2.5260 increase in the debt held by the public during Obama’s first 19 months.”

I cannot tell you how much I desire this country become the constitutional republic it once was.  Right now, nobody–NOBODY–in the federal government adheres to the oath they take when elected.  Nobody has any qualms about taking money from certain people to give it to other people–mostly as a payoff to those who vote for them.  Nobody see this as stealing.   Nobody seems to thing this is wrong and immoral.  Well, I do!


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