Annie just noted that the national debt hit a (somewhat meaningless) milestone this week, topping $13 trillion yesterday. As a quick addendum, it’s worth pointing out which presidents are most responsible for running up the national tab. We’ll go back five. (All numbers come from the Treasury Department, More…
Just so history isn’t rewritten during the current outcry over deficit spending, here’s a recap of the national debt during the reign of the last five presidents. (All numbers come from the Treasury Department, here and here.)
When Ronald Reagan was elected in 1980, the federal More…
“And to those Americans whose support I have yet to earn, I may not have won your vote, but I hear your voices, I need your help and I will be your president too.”
So said President-elect Barack Obama, in one of the most revealing sentences in his More…
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