Who Does A Better Job Managing The National Debt?


Breakdown of political party representation in...

Breakdown of political party representation in the United States Senate during the 112th Congress. Blue: Democrat Red: Republican Light Blue: Independent (caucused with Democrats) (Photo credit: Wikipedia)

In order to understand the National Debt, we need to first look back at the last 30 years or so to try to understand what lead to the National Debt issue getting out of control.   It is extremely important to understand the difference between who controls congress, and who controls the presidency.  While the President is very powerful, and he has Veto power, the congress is who actually passes the laws.  It is very telling to watch what happens when a particular party has control of both the Congress and the Senate, which allows them to pass just about anything that they want, with minimal minority party support.

Since 1980, Democrats have had control of both the Congress and the Senate for 12 years, the Republicans have had control of both houses for 10 years, and there have been 10 years where we have had a split congress.

So, who does better at controlling the National Debt?  Let’s take a look…

12 Years of Democratic Control = $8 Trillion added to the National Debt – $800 Billion per year

10 Years of Republican Control = $3 Trillion added to the National Debt – $300 Billion per year

10 Years of Shared Control = $4 Trillion added to the National Debt – $400 Billion per year

Wait…are the numbers skewed by wars and terrorism and stuff?

Well, the Democrats were in charge during the 1st Gulf War, there was Shared Control during 9/11, and the Republicans were in charge during the 2nd Iraq War and the War in Afghanistan,…So let’s call it even, or at least not a large issue in this debate.

Conclusion:  Despite what the Liberal Media says, you get the most fiscally responsible governments when the Republicans control  both the Congress and the Senate.  The numbers don’t lie.

Neither party has done a good job, but the Tea Party is committed to changing that in the future…

Help us take back control of the Senate this year so that we can return to an era of fiscal responsibility!

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About Todd Hagopian (@ToddHagopian)

Todd Hagopian received his BA from Eastern Michigan University with a major in Political Science. After graduation, he worked as a Financial Advisor and a Bank Manager before returning to school. He attended Michigan State University, where he completed an MBA with a double-major in Finance and Marketing. Todd is now a Senior Product Development Manager for a Fortune 500 company. He frequently writes about business issues, social media strategy, and political issues that he finds important. Enjoy the blog!

Posted on September 8, 2012, in Politics and tagged , , , , , , , . Bookmark the permalink. 1 Comment.

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