Source: CBO Historical Budget Page and Whitehouse FY 2012 Budget
Have you ever heard this one – The GOP is the party of fiscal responsibility? Do you know what? It is a complete lie! (unless of course facts lie) A lie that has been told so many times, people believe it – but it is not true.
If you look at the table above, you will notice something interesting – the increase in debt as percentage of GDP – GOES DOWN – when a Democrat is President. The only exception being Obama, but with two active wars, GOP tax cuts, an unfunded Senior RX plan and an impending depression – he has done a really good job of slowing the explosive growth.
So, bottom line – the GOP spends like there is no tomorrow – time and time again. The GOP was and is the party of absolutely no fiscal discipline.
