Wednesday, August 29, 2012

Republicans and the US National Debt

Today, as I was thinking about what little attention is being paid to the effect that two "off the books" wars and the absence of any requirement that the super-rich pitch in to pay for them has had on the national debt, I came a post on the topic by Kevin Drum at Mother Jones.

Here's the link: http://www.motherjones.com/kevin-drum/2012/08/republicans-are-responsible-our-soaring-national-debt

Drum reminded me that the Bush-era tax cuts are the biggest contributor to the debt.  To quote him on the role of the Republicans:
Nearly every single thing driving the current increase in public debt — tax cuts, wars, the recession, and measures to fight the recession — was a result of Bush-era policies that were enthusiastically supported by nearly every single Republican currently hanging out in Tampa (at the Republican National Convention). They only got religion after a Democrat won the White House and had to clean up the mess they left behind.
Take a careful look at the Ryan Budget to see how it fails to address the above and instead shifts the burden of reducing the debt to those of us in the 99%.