My favorite part of his speech was when he blamed liberals for ballooning the US Public Debt. Let's go to the facts shall we!
|End of |
|US Public Debt |
|% of GDP|
So let's examine life since 1980. A large portion of that was under Reagan where the debt rose from $930.2bn to $3,233bn. I'm not saying it was good or bad, I'm just saying that's the fact. We can have discussions on the need for defense spending and the role that played in ending the Cold War but again, facts are the fact.
Meanwhile let's goto 2000, Bush II takes control and the debt balloons from $5,674bn to $9,008bn.
Now we don't need to back out the effect of inflation to see that a large amount of our deficit was done amidst the control of those who generated fear of external threats...