Wednesday, October 15, 2008

Myths about Democrats and Spending

I watched one CNN's "analysts" explain how independents might be afraid of Democrats spending too much, and I knew this wasn't grounded in reality. Going back to the Kennedy administration, and not even counting the massive Wall Street bailout, here's actual data. Take a few minutes and read the whole thing, but here's the part I wanted to bring to your attention:

The twenty years of budgets prepared by Republican presidents increased the national debt by $3.8 trillion. The average yearly deficit under Republican budgets was $190 billion.


The twenty years of budgets prepared by Democratic presidents increased the national debt by $719.5 billion. The average yearly deficit under Democratic budgets was $36 billion.

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