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How Ignorant Are They?

National debt as a percentage of GDP

When I saw this at Pensacola Beach Blog it occurred to me that it was a perfect illustration of why you don’t bother with the policies of Reagan and the Bushes to deal with the national debt – they failed miserably. If you want to reduce the debt, the look to the policies of Harry Truman and JFK.

Tax cuts are part of the “Borrow and Spend” Republican policies that got us into this mess, not the path out. Deregulation was the reason Wall Street was able to almost destroy the world economy, not the path out.