◼ Who owns the debt-ceiling issue again? - HotAir
◼ Since 1990, the debt limit has been raised a total of $10.1 trillion, but nearly half of that increase has occurred since September 2007. - Heritage.org
Both parties have a great deal of responsibility for bringing us to where we are today. However, the assertion that it’s more the fault of George Bush and Republicans rather than Barack Obama and Democrats is patently absurd. These charts show exactly where spending increased, by how much, and the actions taken by Congress under control of each party — and every one of them shows the rate of increase in discretionary and mandatory spending rising faster under Democrats than Republicans, and the debt-ceiling hikes going up significantly faster.
All of this misses the point, however. We elected this Congress to change the way the federal government operates. Trimming $71 or $74 billion a year in spending won’t turn the tide on debt aggregation; we need fundamental, structural reform of spending that reduces to zero the amount of money we have to borrow on an annual basis to pay our bills.
