I’m located in “Humboldt County, NV.” There’s also a “Humboldt County, CA” and I frequently have folks from Humboldt County, CA follow me on Twitter and on the Humboldt Dems site.
Today, I had a Candidate for Congress who wants to represent the people of Humboldt County, CA “follow” me on my Twitter account. It’ took me about 2 seconds to figure out which party ticket he’s running on — Republican. Up front on his blog is the following banner:
Technically, he’s not totally wrong, but it’s important to understand how we got there. To do that, let’s take a look at “the numbers” the National Debt numbers and the Federal Budget Deficit Numbers from 2000 forward thru the end of the 2011 fiscal year (9/30/2011).
We were doing pretty good and almost had NO budget deficit. We handed the Republicans a budget that was in line to deliver a budget surplus with which we could have begun paying down the national debt. Instead of doing that, the previous Administration instead elected to provide the wealthiest Americans with unwarranted tax breaks, create a new Medicare drug benefit … and start two “off the books” wars so they wouldn’t have to tell the American people just exactly what was happening to our National Debt and Federal Budget Deficits.
For those of you who may not be all that good with numbers, here it is in pictures:
So, as you can see, the Budget Deficit was driven over $1T during the final year of the Bush Administration. And, on 10/3/2008, before President Bush left office, they enacted TARP which drove the budget deficit up to almost $1.8T. Despite what you’re hearing on the right, the budget deficit is declining, as can be seen in both the graph on the numbers above.
If you’d like to check the numbers for yourself, you can use the links below to view the actual documents from which the numbers were taken:
|Nat’l Debt Links||