Quote:
Originally Posted by RichieLion
I'm sure we'll be treated to a long rambling diatribe complete with all sorts of numbers, gleaned from somewhere, to convince us that the credit rating drop had nothing to do with the President, and instead with anyone but.
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Nope, just a single chart.
http://www.artonissues.com/wp-conten...Debt-Graph.jpg
I guess we can conclude from the chart that the presidents that did the most responsible job in fiscal policy were Truman, Ike, Kennedy, LBJ, Nixon, Ford and even Jimmy Carter. They had spending under control and if they couldn't get the economy really cranking, they cut back spending to what we could afford. Then Bush 41 and Reagan cranked up the spending and our debt, even in the face of economic growth that wasn't all that great. That was until Bill Clinton got hold of the pursestrings, really got our economy cranking again, slowed down the spending and paid off most of our debt. Now the Bush 43 and Obama administrations look like those two guys have elevated our spending and debt at an unprecedented pace and to unaffordable levels. And neither one of them did beans to get the U.S. economy to a level that was as good as when Bill Clinton left office.
Yep, it's the presidents that are doing all this. But some of those who are often remembered as the "good guys" and "bad guys" in some cases are reversed. Kind of surprising, don't you think?