10/14/08

National Debt as Percent of GDP (from 1950)

This chart shows the great contributions to national indebtedness made by the Republican administrations of Reagan/Bush and George W. Bush. Thanks guys for the fiscal responsibility. Did you know that “defense is not a budget item”? Well, you haven’t been paying attention. “Deficits don’t matter,” as Vice President Cheney advised. Reagan proved it.