Saturday, Oct. 27, 2012 | 2:02 a.m.
Everyone is harping about President Barack Obama being the cause of the national debt. Everyone thinks a Republican president will turn the tide. Let’s look at the facts that anyone can verify at the Treasury Department’s website.
Look at Presidents Ronald Reagan and George H. W. Bush. In 12 years under these two Republican presidents, the national debt went from $900 billion to $4 trillion. Under Democratic President Bill Clinton, the national debt went from $4 trillion to $5.6 trillion, an increase of only $1.6 trillion in eight years. Under President George W. Bush, it went from $5.6 trillion to $10 trillion — nearly doubling the national debt in eight years. Going further back, the national debt doubled under Nixon/Ford and went up only 20 percent under Jimmy Carter.
Those who want a Republican savior for the national debt are dreaming. People shouldn’t be deluded into thinking that Republican presidents are better stewards of the American tax dollar because history proves that wrong.