Monday, March 5, 2007

Republican Fiscal Responsibility

Remember when Republicans, although still not exactly progressive when it came to social issues, were fiscally responsible and generally tight with a buck.

Neither do I.

Still there must have been a time when this was true. All that stuff about tax-and spend Democrats and good steward Republicans.

But check out this table, run in the Chicago Tribune a while back.

The biggest increase occurs because of WW II debt, then a gradual pay down until Reagan takes office and the debt takes off like a shot. Clinton balances the books briefly, then comes Shrub. In all the Republican years of Reagan and the Bushes push the national debt $8,000 higher than it was after WWII.

Yesterday David Walker, the US comptroller general, was on 60 Minutes where he pointed out that this level of debt is unsustainable and added: "We are mortgaging the future of our children and grandchildren at record rates, and that is not only an issue of fiscal irresponsibility, it's an issue of immorality."

Maybe tax and spend is better than spend, cut taxes for the mega wealthy and spend.

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