While this campaign season the Republicans are using the same FUD (Fear Uncertainty Doubt) tactics of the past to scare you into voting for a Republican candidate, the facts show a much different story. Do you remember the good '
ol days of the 90's? At the end of President Clinton's 2
nd term, our country had record low debt, and was only 15 years away from paying off the national debt
http://money.cnn.com/1999/06/28/economy/clinton. We also had a $236 billion budget surplus in 2000 (
http://www.usatoday.com/news/washington/2006-04-02-federal-spending_x.htm). However, under Republican leadership for the past 8 years (4 of which Republicans had
TOTAL CONTROL of the Federal Government), we now face a national debt of $9,637,851,034,399. According to
http://www.brillig.com/debt_clock, "
The estimated population of the United States is 304,621,036 so each citizen's share of this debt is $31,638.76". My friend, we CANNOT AFFORD 4 more years of debt driven leadership.
While Republicans are hitting the air waves with the feel good "tax cut" pledge, ask yourself, this: with the Republicans in control the past 8 years, how much of a tax cut did I receive? According to a January 2007 CNNMoney.com article, "Households in the
top 1 percent of earnings, which had an
average income of $1.25 million, saw their tax rate drop to 19.6 percent in 2004 from 24.2 percent in 2000. which translated to an average tax cut of almost $58,000, the paper said, citing the budget office". While I personally have not noticed any difference from the Bush tax cut on my earnings, I do notice I spend a lot more money on gas and food now - thank you President Bush!
Now, we have a Republican candidate for President promising to change our current economic situation by extending the Bush tax cuts. Excuse me? If this is how tax cuts work, I don't want anymore. My friend, we need a President who will CHANGE the way of the past 8 years, and bring us back to the good '
ol days of the 1990's.
The US national debt clock (
http://www.brillig.com/debt_clock/faq.html)provides some interesting analysis of how we got into this mess. Just see the question and answers below.
Q: When did the Debt pass the $8 trillion mark?
A: On October 18th 2005, the Outstanding Public Debt rose to $8,003,897,406,911.24 -- the first time it had risen above $8 trillion.
Q: When did the Debt pass the $7 trillion mark?
A: On January 15th 2004, the Outstanding Public Debt jumped $13 billion to $7,001,852,607,623.35. This was the first time in history the U.S. National Debt surpassed the $7 trillion mark and came less than two years after the Debt first passed $6 trillion. As a comparison, the National Debt took over six years to rise from $5 trillion to $6 trillion.
Enough with the extreme Republican agenda, and leading our country in the wrong direction, into debt. I urge you to stand up for yourself and America by voting for a Democratic leadership this election. While the Republican slogan of "tax and spend" makes for great sound bites, the facts show Republicans are the true spenders and builders of debt. My friend, don't be fooled by political slogans this election, vote the facts.
The conclusion:
Under Democratic leadership we've enjoyed a budget surplus, rising wages, 22.4 Million New Jobs Created, 92 Percent -- 20.6 Million -- of the New Jobs Have Been Created in the Private Sector, the Unemployment Rate Was 3.9 Percent in October -- Nearly the Lowest in Three Decades, Inflation – Lowest Since the 1960s (http://clinton4.nara.gov/textonly/WH/new/html/Fri_Nov_3_134817_2000.html)
How does the above economy compare with the economy under Republican leadership? According to a Fox news report, "Under Bush, the economy produced 3.7 million new jobs", and the report goes onto say, "When Clinton was in the White House, the economy generated 17.6 million jobs" According to a New York Times article, "The unemployment rate rose to 6.1 percent in May, its highest level in nine years, the Labor Department reported today, as the worst jobs slump since the early 1980's continued to spread across the economy". (http://query.nytimes.com/gst/fullpage.html?res=9507E1DD1739F934A35755C0A9659C8B63) (http://www.foxnews.com/story/0,2933,242424,00.html).
What does candidate McCain say about our current economic conditions? According to AFLCIO.org, "John McCain said it in his own words: He just doesn’t understand the economy". However, when pressed for his opinion of our current economy, John McCain responded, "I still believe the fundamentals of our economy are strong". (http://thinkprogress.org/2008/08/20/mccain-econ-strong/). Personally, I think McCain's answer of not understanding the economy is more accurate.
More facts for you to digest.
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
http://articles.latimes.com/2008/feb/05/nation/na-budget5