Further Shattering the Myth Of the Fiscal Right Wing Consevative:
Who was the 1st President to blow the Billion Dollar mark in the U.S. deficit?
Republican Warren G. Harding, through a combination of tax cuts for the wealthy and tariffs on imports. The policy was continued by Republican Presidents Calvin Coolidge and Herbet Hoover until the marginal tax rate was effectively zero. Party Time, then the hang over of 29'! Bummer! With the U.S. coffers dry the goverment had no leverage to deal with the Depression!
Who was the 1st U.S. President to blow the 1 trillion dollar mark?
Why that would be the poster boy for the right, Ronald Reagan. He and his buddy George Sr. hit the 5 trillion dollar mark. All this while giving Americans the largest tax increase in U.S. history!
Who is the Daddy of all Deficit spenders? Why that would be "W" increasing the deficit by 77%. Giving 1.8 trillon dollars to the wealthy and killing an economy. Leaving office with a 10 trillion dollar debt. Keep in mind this giant of a mentality started with a 200 billion dollar surplus, so he had to work at it.
Who are the only two U.S. President to run Zero or surplus budgets? Andrew Jackson 1835 and Bill Clinton 2000.
Maybe the GOP should give bill a call and find out how to run a government. I understand he has offices in New York.
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