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We the People Need Jubilee: Lion's Share of the National Debt Incurred under GOP Pretzeldents [View All]

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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-29-08 05:46 PM
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We the People Need Jubilee: Lion's Share of the National Debt Incurred under GOP Pretzeldents
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Hey, DUers!

Freak out your conservative friends by telling them we need to celebrate Jubilee like in the Old Testament.

Jubilee was the seventh year in the Old Testament. Like the Sabbath being a special day, it was a special year and ALL debts were forgiven.

Fat chance, in Smirko and Abramoffs America.

Still -- it's a fact, Jack:

Most of the National Debt incurred under GOP Administrations.



Source: http://www.lafn.org/politics/gvdc/Natl_Debt_Chart.html

Up until Ford, the national debt totaled $493 billion. No small sum, but still under half a trillion bucks.

Ford added: $161 billion to national debt in '75 and '76.

Carter added $276 billion to national debt from 1977-1980.

Reagan added $1,672 billion to national debt from 1981-1988.

Poppy Bush added $1,462 to national debt from 1989-1992.

Clinton added $1,609 to national debt from 1993-2000.

DimSon Bush added $2,833 to national debt from 2000-2006.

That totals to a nice , $8,506 billion.

I found the guys 2007 budget resulted in red ink.

To service this national debt now requires $500 billion per year in interest payments. Thats money that cant be used for anything other than interest for the national debt. $500 billion would fix a lot of schools, hire a lot of cops, buy a lot of body armor.

Knowing Bush and his cronies, its no accident.
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