Thom Hartmann: Republicans ran up the debt & now they don't want to pay the bill


What our nation is faced with today is a mountain of debt run up mostly by 3 Republican Presidents - Ronald Reagan - and the two Bushes. And now today - that very same Republican Party is saying "no way" to Democrats who just want to pay off that pile of Republican debt. Think about it this way - the Republicans ran up a huge credit card bill, and now they're refusing to pay for it. They took the good times - the stimulation to the economy from all that spending and the political benefits from all those wars - and now they don't want to pay for it. If you or I did that with our credit card - and did it intentionally - we'd be in jail. Here is why we are in debt. Before Reagan took office - our national debt was just under one trillion dollars and our top tax rate was 74%. But Reagan promised the nation good times - so he gave all his rich buddies tax cuts - and then put $2 trillion on the nation's credit card. Reagan borrowed and spent - in just 8 years - more money than every president of the United States from George Washington to Jimmy Carter - COMBINED. And now the Republicans don't want to pay the bill for Reagan's debt.

Comments

deepseas's picture
deepseas 8 years 6 weeks ago

One of your BEST presentations yet, Thom! I agree...if Obama and the Dems said that one clear message...

"Republicans ran up the debt and now they don't want to pay the bill"

...and elaborated on that message before the media and in meetings 24/7, they could turn this mess around. The fact they are not doing this begs the question: whose side are the Dems on?

Many thanks to you, Thom. I am very grateful for you and your outstanding work!

Papachuck111's picture
Papachuck111 8 years 6 weeks ago

Thom, who do you recommend to lead a new "Progressive" party? Would you consider being that person's top advisor?

Scarabus's picture
Scarabus 8 years 6 weeks ago

Just registered, but I'm a longtime fan.

Not sure about which number is right (yeah — lazy): but re Clinton you say he raised the debt $1 trillion, while at the same time the graphic overlay behind you shows $1.4 trillion. Just the sort of thing pickers of nits, including me (obviously), will notice. Difference is that I'm encouraging clarification, while others will use such discrepancies to undermine your credibility.

Good stuff, as always. I'll embed the video on my own website.

caroline williams's picture
caroline williams 7 years 19 weeks ago

That is the absolute dumbest thing I have ever heard! How do you ignore the fact that Obama ran up more debt that all other presidents COMBINED!!! Come on now! I know its hard to tell the truth when doesn't fit your view. But we are not stupid! We do remember the facts!