The Chicken Little crowd loves to portray Democrats, especially the current President, as big spenders, and thus the harbingers of doom. They get their "information" from Foxlies®, the Wall Street Journal, the New York Post, the national Chamber of Commerce, Karl Rove, Rush Limbaugh, Glenn Beck and a whole raft of crackpot websites.
But the truth is that the Republicans are the real big spenders, and the biggest threat to the future of the USA. That is nothing new. Our current dilemma was created by the tax cutting, big spending Republicans, beginning with the great Ronald Reagan (who raised taxes over and over and spent even more) to the ultimate tax cutter, George W. Bush/Cheney, who plunged us into a situation that has been labeled a "recession", but is truly a "depression".
The last time that we fell into a real "depression" was in 1929, after a series of three Republican Presidents, Harding (the most corrupt President in our history), Silent Cal and Hoover, eerily similar to the most recent bunch, all tax cutters and big spenders. Hoover inherited the problem...it was unfair to blame him for the Great Depression, except that he had four years to do something about it and did nothing.
Does that sound like the Tea Party/Grover Norquist controlled House and the filibustering Republican Senate? Yep.
In case you are the usual American sucker, here are the real facts about how the deficit got to be the deficit. Numbers are from the CBO and Department of the Treasury, not from FoxLies® and all the other bullshitters.
