This blog will focus on political images I have found all around the Internet, though I will intersperse some commentary and quotes that I find interesting.
Site counter active since 12/15/2005 - 1:45 PM (ET)
LIE -- The government won't work right (and to the benefit of all
citizens) until the national debt is eliminated and a balanced budget is
TRUTH -- I'm not sure how they would know this because the United States government has never been out of debt
in the entire history of this country. When the very first Congress
adjourned they had left the country with a national debt of $75 million.
The debt was close to being eliminated in 1835 (when the country owed
just $34,000), but a recession the next year (which caused a 33% decline
in business and lasted for two years) took care of that. Since then the
debt has climbed. Although the debt has set a new "record high" since
the 1950's in absolute terms, a better measure is to compare the debt to
the country's Gross Domestic Product (GDP). This peaked in World War II
at about 120% of GDP, but it has not been close to that figure since
LIE -- The current national debt is largely a result of the policies of President Obama.
TRUTH -- Most of the national debt can be traced directly to Republican
policies and actions. A big hunk of the debt is due to the massive tax
cuts for the rich -- a little more than $400 billion each year. The two
unnecessary Bush wars also added (and continue to add) to the debt at a
rate of about $2 billion each week. Most economists believe that without
these two things the national debt would be about two-thirds lower than
it currently is. The millions of jobs lost in the Republican recession
also took away millions of taxpayers which could have been paying into
the government tax revenues.