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Obama’s Massive Debt Made Possible By Establishment Republicans

GOP Debt Cartoon
In the time Barack Obama has been President of the United States the public debt of the country has more than doubled. 

Using the U.S. Treasury’s Monthly Statement of the Public Debt our friend Terence P. Jeffrey of CNSNews calculates the public debt of the federal government has climbed by 106 percent while President Barack Obama has been in office, increasing from $5,749,916,000,000 at the end of January 2009 to $11,825,322,000,000 at the end of January 2014.

How could this happen if Republicans, allegedly the Party of fiscal discipline, have been in the majority in the House since the 2010 election? Doesn’t the Constitution invest the power (and responsibility) for the purse in the House?

Yes, the House holds the purse strings for the federal government, but the problem is that establishment Republicans are every bit as addicted to spending as are the Democrats.

During the administration of establishment Republican President George W. Bush, when Republicans held a majority in the House for six of eight years, the public debt of the U.S. government also nearly doubled!

Jefferies calculated that during the eight-year presidency of George W. Bush, the marketable debt of the U.S. government climbed 93 percent--from $2,977,328,000,000 at the end of January 2001 to $5,749,916,000,000 at the end of January 2009.

This means that during the time that Bush and Obama have been in office, the marketable debt of the U.S. government has nearly quadrupled, increasing by $8,847,994,000,000.

Apologists for the Republican establishment will claim that despite the massive increase in the government's marketable debt during Bush's eight years, Obama managed to accumulate more additional marketable debt in his first five years in office than all the presidents who proceeded combined.

That may be true, but is nothing more than a schoolyard "I've been bad, but he's worse" argument..

Cut through all the baloney and what really distinguishes the Republican establishment from conservatives is that establishment Republicans like big government and the spending that goes with it. The Republican establishment is perfectly content to “me-too” the Democrats on spending or to argue for a little less spending, say a 93 percent increase as opposed to a 106 percent increase, but not to attack the reasons for spending.

And the reason for this is pretty clear. The Republican establishment long ago bought into the idea that, through what French economist and philosopher Frédéric Bastiat called “legal plunder,” they could use taxpayer dollars to bribe voters into supporting them and keeping them in office. And if staying in office means facilitating Obama’s vast expansion of the federal government, and its debt, they are only too happy to do it.

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