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Budget history shows who put U.S. in debt

January 22, 2010

How many balanced budgets are there in the history of the United States? The answer is four.

In 1969, Richard Nixon had one. Bill Clinton had three and a surplus when he left office. The national debt when Clinton left was at $5.1 trillion. When George W. Bush left, it was just under $13 trillion.

Trickle down economics just didn't work. Bush Sr. presided over the savings and loan collapse. The only beneficiaries there were John McCain, Charles Keating and Neil Bush. Bush Jr. presided over the collapse of Wall Street. The beneficiaries there were Ken Lay and Bernie Madoff.

We should be calling our national debt the Bush national family debt.

Charles C. Roush Jr.

Marietta

 
 

 

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