Really a nice article and good info as well.
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Bill and Newt got together and did a fine job for America.Thank you.

___________

Andrew.

<a href="" rel="dofollow">debtmanagementcompanies.co.uk

Perspective: George W. Bush--4.8 trillion in 8 years with a Democratic congress. Barack Obama--1.6 trillion in 1 year with a Democratic congress. At this rate Obama's on track for 12.8 trillion!

Given up on watching Sunday discussion shows. All the interviewers are interested in is getting the Dems to say something that allows the media to say the "Democrats will raise taxes."

No interest in discussing where the debt came from. No interest in discussing the massive tax breaks that corporations and the wealthy have been given in the last 30 years. No interest in challenging the false assumption that cutting taxes on the rich leads to economic growth and jobs.

What's left out of the debt charts is the parallel chart of growth in jobs and the economy. At the start of the Clinton years, taxes were raised. The result was record growth in wealth and jobs. Bush cut taxes, and even before his economic collapse job growth was stagnant. Mere facts give the lie to the Republican standard talking points, but if no one brings it up, we are left to vote based on lies. Which is what the Republicans are aiming for.

Cutting taxes on the wealthy does not increase investment. It in fact takes money out of the economy, as the wealthy to not spend it, and what are called investments are more and more simply a form of gambling. Wall Street is no longer an investment instrument; it is just another casino.

Even leaving aside the positive externalities of infrastructure investment (too complicated), and the silly statements such as that construction jobs are not "permanent" that Walker and other Republicans make unchallenged all the time.

The root of this is the design of our monetary system:

Geez thanks for showing those FACTS. An independent thinking person can analyze this & realize that Obama is burning through money (that this country does not have) faster than a "crack ho" on speed. There are no comparisons.

Its actually a little stupid to claim a comparison of the outrageous spending that Obama has done in just 2 years relative to all those years by the others. If you break it down to YEARS IN OFFICE relative to DEBT. Obama has BROKE THE BANK quicker than one can say “Ponzi Scheme” . Reagan, Bush1 & Bush2 were in office a TOTALLY of 20 YEARS and had increased the debt by 8 1/2 Trillion dollars. That averages out to approx $450 billion per year. Obama has only been in office 2 years and increased DEBT by $3.2 TRILLION. That’s an average of 1.6 TRILLION a year. NOT ONLY THAT. When those other administrations did increase the debt, the United States GDP and economy were growing and going well which allowed for that. The last few years there has been almost "stagflation" and this is the WORST time to increase the debt. Its so bad it makes me wish for having Jimmy Carter back ! (Even with the long Gas lines, etc etc. Can't really decide who is worse yet - Obama is giving him a run for his money)

I am proud of what Clinton & the Republican Congress did in the 90’s . It’s the little things like Welfare Reform and other reasonable Reforms that made the Surplus happen.

Looks like Mr. Seaman likes to 'nudge' his numbers a bit. The data at is excellent but does not match his claims.

From the pages he claims to have used: Dates given are the beginning and ending of Presidential terms. High spenders in each category are bolded.

Outstanding debt (in millions) Increase%

January 1981 Reagan $847,695 289%

January 1989 Elder Bush $2,448,271 156%

January 1993 Clinton $3,809,334 147%

January 2000 Dubya $5,610,117 190%

January 2009 Obama $10,632,080 115%

January 2011 (current) $14,131,051

As a function of the current total:(in millions)

Reagan $1,600,576 or 11.33%
Elder Bush $1,361,063 or 9.63%
Clinton $1,800,783 or 12.74%
Dubya $5,021,963 or 35.54%
Obama $3,498,971 or 24.76%

Debt added PER YEAR (in millions)

Reagan $200,072
Elder Bush $340,266
Clinton $225,098
Dubya $627,745
Obama $1,749,486

During all this spending spree by the republican presidents,has anyone looked to see which party was in charge?Everyone was led by a democrat congress.And the surplus you all rave about during Clintons term, was led by a republican.Do the research.And what about the Obama years before republicans gained half of congress?

If you want to find out the truth about each Presidents spending, you only need to go to one source. It's the actual US Govt site containing that data. Click on the years you want to find how much the national debt increased by and you'll get the actual numbers, to the penny. Unfortunately, you need to do a little more research if you want to get the spending level at its current level because the government figures on those pages are for each FISCAL YEAR (fiscal year ends on Sept 30th of each year). You can click on the "MSDP" (Monthly Statement of Public Debt) link to find the most up-to-date national debt totals.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm

You Democrats can go to the ACTUAL government source, and once you've done your research to find out which Presidents were in office and, more importantly which party controlled Congress, when the largest amount of increase in the national debt took place, you'll find the Democrats were largely responsible for the excessive spending.

If you don't want to do your own research, let me know and I'll post the GOVERNMENTS own numbers, which President, and Which Congressional party was in control, and were responsible for the massive increases in the national debt. Once you find out the TRUTH, quite continuing to spread the distorted facts the Democrats would like to to believe.

If you do some research to find out which party controlled Congress when virtually ALL of the huge spending sprees started, you'll find that the Democrats were in charge. Since whoever controls Congress, pretty much controls the budgeting and allocation of money to be spent, Democrats are the ones who have by far, contributed the most to our countries HUGE national debt. The President who signed for the Democrat's excessive spending sprees also carries much of the blame.

That scenerio is true now more than ever before. During President Bush's two terms in office, 2/3rds of his excessive spending took place during his last two years in office, ... after Democrats took control of both houses of Congress. They also kept that excessively high rate of spending going during the first two years President Obama after he bacame President. IF Obama and the Democrats in Congress have their way, they'll continue their uncontrolled spending and will add rillions more to the national debt. Hopefully the Republican in the house will stick to their guns and severely cut the amount of spending the Democrats are hoping to do.

lousy, misleading graph, to start with... it's the debt VERSUS TIME, with the Presidents' names associated with the time frames that count... and Obama has done NOTHING to slow the rapid rise under Bush II.

learn math and thinking, please...?

I really want to believe this chart, but I just went to the source that you indicated and I'm puzzled.   You don't list your methodology.  Can someone explain?

January 2001, Bush takes office; debt= $5,716,071,000

January 2009, Obama takes office; debt = $10,632,080,000

August 2011, current figures; debt = $14,684,293,000

I didn't do the others, but for these two...

Obama:  $4,061,213,000  27%

Bush: $4,916,009  33%

Yet, Bush's numbers show over 40% and Obama's under 20%.

Help!  I want this to be true, but it just doesn't seem to be right.  I must be missing something.

Clinton did not have a surplus. He borrowed at the beginning of every budget, like all presidents did. In 2 fiscal years there was money left over, but it was spent. So for every Clinton year we were in the red, just not as much.

The Federal Reserve is our Central Bank, created in late December 1913 when most of Congress was away. It is made up of large privately owned world banks.

Congress gave up the power to print money & regulate it's supply/value in the 1913 Federal Recerve Act. That's why it says "FEDERAL RESERVE NOTE" at the top of each bill... it is not our currency, it is the Fed's currency we have been duped into using.

Most of our debt is fraudulent. The Fed is supposed to control govt spending by determining how much (if any) money it is going to lend the US govt (& by "lend" I mean simply pay Treasury to print cash [backed by nothing] or just run up electronic credits in US govt bank accounts that are all in Federal Reserve banks). Instead of controlling borrowing the Fed approved all govt loan requests

In exchange for "loaning" us our own currency we give the Fed banks interest bearing Treasury bonds or other securities. Interest payments are due to the bearer, usually twice a year. When the bond matures, the face value is due, payable to the bearer. The Fed should be the bearer, but for the most part, it is not

The Fed is supposed to pay it's operating expenses with interest it earns on the Treasuries (salaries, buildings, bonuses etc etc). At the end of the fiscal year any excess interest they have earned is paid to the Treasury department.

In the great default threat back in August 2011, what were we going to default on? The interest payments due on treasuries or payments on bonds that matured. The Federal Reserve is one of those creditors that would have come knocking on our door, along with multi-trillion dollar debt holders like China & Saudi Arabia.

We didnt borrow any money from China & the Saudis, so how did they get to own these instruments? Because the Fed banks "loaned" us our own currency in exchange for treasuries, then sold the treasuries instead of holding them... this is the fraudulent creation of insurmountable debt.

We should have been borrowing money only from the Fed after the Fed made the determination that we actually needed the money. Creating extra money is how a currency gets devalued, but the Fed's policy of loaning us "fiat" money (money backed by nothing) and getting Treasury bonds in exchange is a method for keeping the money supply stable while creating tremendous debt for the American people.

Her's how that "works". The Fed loans us money, then sells the Treasuries we give them to countries fat with dollars. It simply destroys the dollars it gets, letting them drop out of existence (most are simply electronic credits). This keeps the money supply stable & artificially inflates the value of the dollar. It also makes us liable for interest payments & maturity payments that would ever have existed if our govt was printing it's own money... RESPONSIBLY!!!

HERE'S THE BIG BUBBLE BUSTER - The Fed selling bonds & drying up exported dollars stops those dollars from being spent & eventually coming back to America to sustain or create jobs.

Greed is driving this system. Greed on a scale never before seen. Debt that even democratically leaning pundits keep insisting we must repay... but we don't owe the fraudulent part of our debt.

The Federal Reserve banks need to be made responsible for the outstanding treasuries that were fraudulently created (interst & maturity payments). This includes any the US govt has already paid. The Fed banks actually owe us money for this fraud.

It would have been much better for this country to have printed it's own currency causing a gradual devaluation of the dollar rather than be crushed by an enormous $16 trillion debt we can never repay while interest payments have risen to over $400 billion a year.

If the banks cannot be trusted to run the Federal Reserve properly, control govt spending & be the sole lender to the US govt, holding all treasuries itself... then the Fed must be abolished AFTER it is made responsible for all the fraud they have committed.

A harbinger of what's in store for the USA... Iceland has gone bankrupt through the fraudulent actions of it's central bank. The IMF & World Bank are threatening trade sanctions if the Icelandic people don't agree to pay the Central-Bank-created fraudulent debt (with interest)

The solution for the current US debt crisis may be as simple as the Fed buying back all outstanding treasuries, over a period of years... gradually increasing & devaluing the dollar... but SOMETHING must be done.

The Fed fraud is half of the damage done to America. Free Trade has destroyed businesses, jobs & personal fortunes/retirements of most developed nations.

Destroying personal wealth of ordinary Americans & fraudulently indebting, & thereby making powerless, the federal government is a recipe for the wealthy to eventually own all the means of producing wealth in this country & the world when the eventual rebuilding does occur.

Stop praising Clinton. Clinton signed the Dec 21st 2000 CFMA (Commodities Futures Modernization Act) into law. That bill allowed regulated financial institutions to GAMBLE (secretly, without regulation!!!). The gambling put all regulated assets at risk for many times more than the value of all regulated assets.

Also during Clinton's reign Brooksley Born tried to reign in the derivatives markets by regulating them. She was stopped by three practiced banksters/liars... Greenspan, Rubin & Summers... who convinced Congress to strip her office (Commodity Futures Trading Commission) of all powers to regulate for a 6 month stretch.

Greenspan feigned ignorance that people would behave badly and cause our economic crisis in 2008... but as I said before, he is a practiced liar. Brooksley Born warned of just such a catastrophe back in 1998. Greenspan knew she was right and had her muzzled.

The CURRENT estimated outstanding derivatives contracts, CDOs & CDSs is over $600 TRILLION... This problem has not been fixed yet by the Obama administration and WILL cause another financial meltdown.

Clinton was advised to sign the CFMA by then Treasury Secretary Larry Summers. Clinton has recently said that Summers was wrong about that Republican sponsored legislation, and still it remains in force.

Obama added $5 trillion to the national debt this year !

Total national debt is approaching $16 trillion.

We can't afford four more years of Obama !!