Here are some little facts people like to ignore during this debate:

1.) Republican Leaders Agree U.S. Default Would Be a “Financial Disaster”

2.) Ronald Reagan Tripled the National Debt

– Forced to raise taxes, Yes Taxes, eleven times to avert financial
catastrophe, Reagan nonetheless presided over a tripling of the national debt to
nearly $3 trillion. By the time he left office in ’89, Ronald Reagan more than
equaled the entire debt burden produced by the previous 200 years of American
history. Last year David Stockman said:“[The] debt explosion has resulted
not from big spending by the Democrats, but instead the Republican Party’s
embrace, about three decades ago, of the insidious doctrine that deficits don’t
matter if they result from tax cuts.”

3.) George W. Bush Doubled the National Debt and raised the debt ceiling
seven times.  That’s pretty much once every year of his presidency!

4.) Republicans Voted Seven Times in favor to Raise Debt Ceiling for
President Bush and applauded his financial responsibility.

5.) Federal Taxes Are Now at 60 Year Low

6.) Bush Tax Cuts Didn’t Pay for Themselves or Spur “Job Creation”

7.) Ryan Budget Will Require Raising Debt Ceiling

8.) Boehner said in January “Default would be a financial disaster, not only
for our country but for the worldwide economy. Remember, the American people on
election day said, ‘we want to cut spending and we want to create jobs.’ And you
can’t create jobs if you default on the federal debt.”

jennrey

jennrey

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