I stumbled on this excellent website: http://www.adebtisataxonyourkids.com/
Here’s some information that we all need to know.
US PUBLIC DEBT—DEMOCRATS VERSUS REPUBLICANS 1978-2010
Jimmy Carter (Fiscal Years 1978-1981) Minus $0.143 Trillion
Bill Clinton (Fiscal Years 1993-1996) $0.733 Trillion
Bill Clinton (Fiscal Years 1997-2001) Minus $0.235 Trillion
Barack Obama (Fiscal Year 2010) $1.785 Trillion
Total Democratic Debt (1978-2010) $2.140 Trillion
Ronald Reagan (Fiscal Years 1982-1985) $1.288 Trillion
Ronald Reagan (Fiscal Years 1986-1989) $1.355 Trillion
George Bush Sr. (Fiscal Years 1990-1993) $1.531 Trillion
George Bush Jr. (Fiscal Year 2002-2005) $1.794 Trillion
George Bush Jr. (Fiscal Year 2006-2009) $3.142 Trillion
Total Republican Debt (1978-2009) $9.110 Trillion
We’ve got to be vigilant in combating the lies about governing records.
Come across this very interesting article called Scary New Wage Data.
“Measured in 2009 dollars, total wages fell to just above $5.9 trillion, down $215 billion from the previous year. Compared with 2007, when the economy peaked, total wages were down $313 billion or 5 percent in real terms… Every 34th wage earner in America in 2008 went all of 2009 without earning a single dollar… Total wages, median wages, and average wages all declined, but at the very top, salaries grew more than fivefold.
Not a single news organization reported this data when it was released October 15, searches of Google and the Nexis databases show. Nor did any blog, so the citizen journalists and professional economists did no better than the newsroom pros in reporting this basic information about our economy.”
The author goes on to say that the record of economic growth “… is one of a strengthening economic base with income growing fastest at the bottom until 1981.” While I am not one to eulogize the post-war period, in which minorities were often left out of this amazing golden age of people-focused statist welfare, this is an important fact we need to stress. Whenever America tries Republican economic philosophies, we lose; only the rich gain and deficit explode.
For nearly three decades we have heard about trickle down: where’s the trickle? It’s more like a giant sucking sound— straight to the top.
“Since  the base has fared poorly while huge economic gains piled up at the very top… Only 150.9 million Americans reported any wage income in 2009. That put us below 2005, when 151.6 million Americans reported wages, and only slightly ahead of 2004, when 149.4 million Americans held at least one paying job.
For those who did find work in 2009, the average wage slipped to $39,269, down $243 or 0.6 percent, compared with the previous year in 2009 dollars.
The median wage declined by the same ratio, down $159 to $26,261, meaning half of all workers made $505 a week or less. Significantly, the 2009 median wage was $37 less than in 2000.
To give this some perspective, from 1992 to 2000 the number of people earning any wages grew by 21 million, but nine years later just 2.8 million more people had any work…[In contrast,] The average wage in [the] top category increased from $91.2 million in 2008 to an astonishing $518.8 million in 2009. That’s nearly $10 million in weekly pay!”
David Johnston attributes this dramatic pivot in the trend line to “an abrupt change in tax and economic policy.”
Who shifted those policies? I’ll help: it wasn’t Democrats. Here’s a nice stat: in ’09 the top 74 pay earners made as much as the 19 million lowest-paid.
In this words of another author: postwar middle America, God shed his grace on ye; and then came Ronnie.