US Government Spending: Why the Republican Argument of “Obama is a Keynesian” Doesn’t Hold Water.
~ ~ ~
Being an idealist, I’m easily repulsed from any person/organization that I lose respect for. Case in point, the reason why I said goodbye to the Grand Old Party was because they’ve completely gone off the deep end when it comes to social issues (e.g. believing they can tell U.S. citizens what they can or can’t do in the bedroom) and they hammer the current sitting President while totally ignoring the reckless spending that went on just 3 short years ago when their man held the executive branch (e.g. George W. Bush added ~$4.9 Trillion to the national debt, nearly doubling it from $5.7 Trillion upon taking office 2001 to $10.6 Trillion to leaving office in 2009).
Being a fan of well executed rants that point out hypocrites for what they are, I found this Bill Maher interview with Piers Morgan highly apropos.
Highlights from the interview at minute 2:30 marker:
Well, stop talking about — stop talking about the debt and the deficit. You know when Dick Cheney was in office and they were running up all the debt, and by the way you can look this up. There are facts outside of the FOX News bubble, actual facts and numbers.
Most of the debt was run up under Bush. Dick Cheney said, quote, “deficits don’t matter.” Why can’t Obama say that? Why is it OK when Dick Cheney says it but not when President black man says it?
I mean the Republicans have some nerve. Bush came into office. The debt was $5.6 trillion. He took a surplus and turned it into a $10 trillion debt, almost doubled it, with stuff they didn’t pay for.
They didn’t pay for the wars. They didn’t pay for the tax cuts for the rich, which should be called tax spending for the rich, because it is spending. The prescription drug program, all of that unpaid for. And then suddenly Obama comes into office and they act like he’s Newt Gingrich’s wife at Tiffany’s.
Sports psychologists agree that one of the best attributes for success is a bad memory (e.g. the ability to forget your failures).
It would appear the Republican party has adopted the same “bad memory” tactic, because no rational human being could stand at the podium, look into the camera and give us — the American people — such a hard sale speech while simultaneously telling us GOP policies are what “the American people” will accept.
~ ~ ~
Update 12/26/2011: Added chart above.