Wednesday, July 27, 2011

Ryan voted for $3.4-trillion in debt GOP blames on Obama

Paul Ryan and the other Republicans talk a good game now about the need for fiscal responsibility and reining in spending.  But they have been a big part of the problem, Lisa Lerer writes on Bloomberg:

... [Speaker John Boehner], House Majority Leader Eric Cantor, House Budget Chairman Paul Ryan and Senate Minority Leader Mitch McConnell all voted for major drivers of the nation’s debt during the past decade: Wars in Afghanistan and Iraq, the 2001 and 2003 Bush tax cuts and Medicare prescription drug benefits. They also voted for the Troubled Asset Relief Program, or TARP, that rescued financial institutions and the auto industry.

Together, according to data compiled by Bloomberg News, these initiatives added $3.4 trillion to the nation’s accumulated debt and to its current annual budget deficit of $1.5 trillion.
Since 2001, the debt has grown from $5.8 trillion to $14.3-trillion. Republicans controlled the White House eight of the last 10 years and had control of the entire government for four of those years.

More here.

1 comment:

  1. Really. These hypocrites are without shame. Can't we get the mass media to question their sincerity? It's all posturing because the republicans have no viable candidates to back. They are trying to distract us from this sad reality.