Debt Under Democrats Vs Debt Under RepublicansSeptember 20, 2009 at 1:52 pm | Posted in American politics | Leave a comment
Just so this is clear
Reaganomics = lower taxes for the rich, higher debt for the nation, and increased government spending. Or in other words: unsustainable. Put in perspective, the richest Americans were taxed at 90% during the Eisenhower years. This was done so our nation could meet its financial obligations, including paying down the nation’s debt. There was a time when Republicans were actually more responsible toward their nation. But as quoted in the link above, which I’ll quote below, the godfather of modern conservatism, didn’t think that was important:
The task, as I saw it, was to create a new majority, which evidently would mean a conservative majority, which came to mean, in turn, a Republican majority – so political effectiveness was the priority, not the accounting deficiencies of government…
Running a good government is no longer the overriding priority of the Republican party. Institutional disruption and bad news. That’s what runs the Republican party today.