August 10, 2011
A timeline of events

inothernews:

1980: Ronald Reagan runs for president, promising a balanced budget

1981 - 1989: With support from congressional Republicans, Reagan runs enormous deficits, adds $2 trillion to the debt.

1993: Bill Clinton passes economic plan that lowers deficit, gets zero votes from congressional Republicans.

1998: U.S. deficit disappears for the first time in three decades. Debt clock is unplugged.

2000: George W. Bush runs for president, promising to maintain a balanced budget.

2001: CBO shows the United States is on track to pay off the entirety of its national debt within a decade.

2001 - 2009: With support from congressional Republicans, Bush runs enormous deficits, adds nearly $5 trillion to the debt.

2002: Dick Cheney declares, “Deficits don’t matter.” Congressional Republicans agree, approving tax cuts, two wars, and Medicare expansion without even trying to pay for them.

2009: Barack Obama inherits $1.3 trillion deficit from Bush; Republicans immediately condemn Obama’s fiscal irresponsibility.

2009: Congressional Democrats unveil several domestic policy initiatives — including health care reform, cap and trade, DREAM Act — which would lower the deficit. GOP opposes all of them, while continuing to push for deficit reduction.

September 2010: In Obama’s first fiscal year, the deficit shrinks by $122 billion. Republicans again condemn Obama’s fiscal irresponsibility.

2011:  Tea Party, Republicans upset that Tumblr is smearing Ronald Reagan’s good name.

2012: The planet is finally destroyed by gravitational singularity, also known as crushing hypocrisy.

(Source: azspot)

  1. confluence-of-thought reblogged this from ohsoprofound
  2. ohsoprofound reblogged this from geneticandunattainable and added:
    AKA how to destroy a superpower in 11 easy steps.
  3. thunderwishes reblogged this from karnythia
  4. awakemysoulawake reblogged this from inothernews
  5. jjarichardson reblogged this from inothernews
  6. mrscrapyrd reblogged this from sleepingwombat
  7. cherchezlafemmeaa reblogged this from azspot
  8. awalt2069 reblogged this from azspot
  9. queer-normative reblogged this from greenglowstix
  10. spicycolleen reblogged this from theeasyconfidence
  11. geneticandunattainable reblogged this from spramped and added:
    Typical.
  12. middlenamedanger reblogged this from digital-scrapbook
  13. yensid1138 reblogged this from wellthatsjustgreat
  14. annmolero reblogged this from inothernews
  15. serendipityschild reblogged this from lolagetslife
  16. theeasyconfidence reblogged this from heyheyrich
  17. hugehurfner reblogged this from zachm
  18. shadowandflame reblogged this from redjeep
  19. onrisquedepleurerunpeu reblogged this from ellobruce
  20. heyheyrich reblogged this from ellobruce
  21. ellobruce reblogged this from inothernews
  22. dolcevee reblogged this from hammerito
  23. lolagetslife reblogged this from karnythia
  24. zachm reblogged this from smittosmith
  25. anachronizomai reblogged this from karnythia
  26. lunar7 reblogged this from redjeep
  27. greentogreyagain reblogged this from hammerito
  28. ritacorny reblogged this from trickbop