US National Debt Chart
Reality...What a concept!
The Day Bill Clinton Left Office.
The United States was on track to pay off our debt entirely by 2011 while saving 2.3 Trillion Dollars on the side. All the while paying for all of our social programs and schools etc… just fine. We have fired over 35 thousand teachers since the Bush-Republican tax cuts. Did you know 2/3 of our most profitable corporations pay zero federal taxes? General Electric posted a 14.3 billion dollar profit in 2011 and did not pay one penny in federal taxes.
George W. Bush with the senate and the congress controlled by a republican super majority. Handed out almost 3 trillion dollars in tax refunds that our country did not even have the money to pay for. Almost all of it went to the top few percent. This is also exactly when borrowing from China started going nuts.
Now after all these years of lost income and the fact that offhoring and outsourcing boomed in 2002-2003 after the GOP created tax cuts for outsourcing. Sending millions of jobs overseas so the rich could get richer and the American middle class could go suck a fat one. We are broke beyond belief.
Please blame the right people when you talk about who has sold the American people and the American Dream out. It was and still is the republicans.
Can you honestly name a single policy the GOP has passed that actually strengthens the American worker? Or that favors the people and our health instead of corporate interests? Think about that.
Don't make the same mistake again America.