When Bill Clinton left office in 2000, he left us with a roadmap to paying off the U.S. debt by 2009.
George W. Bush came into office and he decided to defer on paying off the debt. He proposed and got huge tax breaks. And we fell back into deficit spending.
Not only that, but Republicans went on an unprecedented spending spree. They started a couple of costly wars without doing the responsible thing and take in new revenues to cover the costs. They massively increased military spending. They passed an unfunded health care reform (the Medicare prescription drug benefit). Essentially, under Bush, Republicans spent like a pack of meth addicts with a pile of stolen credit cards.
By 2008, the Republicans had failed to follow Clinton’s roadmap toward a debt-free U.S. In fact they had added $4 trillion to the national debt. And the economy tanked.
Whether you believe the economic collapse was completely Bushes fault or not, the inability to implement a proper economic recovery was the fault of Republican policies during the Bush years. The $10 trillion debt that George Bush left us with placed severe constraints on, and even foreclosed upon, many possibilities for using our credit for a bold recovery effort.
Under Obama, the Republicans have done almost nothing beneficial for American. Their sole goal has been to obstruct Obama, even when their actions are terrible for America. Most recently, they held us all hostage, taking us to the brink of a debt default.
Republicans, through their recklessness, have failed to be good stewards of our country. They have placed Republican political gain ahead of America.
Today S&P cut the long-term U.S. credit rating by one notch from AAA to AA-plus. S&P cited a lack of faith in the political process as part of their downgrade decision.
Nice job Republicans! You fucked up the debt repayment, you spent us into the ground, you trashed the economy, and now you’ve fucked up the credit rating of the U.S.
al Qaeda must be proud of you!
So…why is it that Republicans are not considered enemies of the United States?