Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data
(CNSNews.com) - In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.
The U.S. Treasury Department divides the federal debt into two categories. One is “debt held by the public,” which includes U.S. government securities owned by individuals, corporations, state or local governments, foreign governments and other entities outside the federal government itself. The other is “intragovernmental” debt, which includes I.O.U.s the federal government gives to itself when, for example, the Treasury borrows money out of the Social Security “trust fund” to pay for expenses other than Social Security.
At the end of fiscal year 1989, which ended eight months after President Reagan...
...especially since conservatives & Christians have embraced the personality-cult (aka fascist) leadership model rather than the Biblical one.
Don't believe me? Look at the typical church (be it Fundy, Reformed, Modernist, or whatnot). The "Man of God" runs the show & can do anything he likes, regardless of ethics or written rules, & yet the congregation will usually support him. This is popery in miniature.
Many have forgotten the art of self-government (both personally & in the wider sphere), & we are now reaping the bitter fruit.
"In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan."
What an excellent political statement for the Republican Party.
Now all they have to do is find someone with the "personality" to be a presidential candidate.
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