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| Rep. Eric Cantor |
CANTOR: Well James, we can stop it, and that’s why we need your help. We’ve got to stop this cycle of spending money we don’t have. This spending and debt we’ve incurred over the last two years has exceeded that which this country has incurred over the last 200.
Not only is Cantor lying, it's a remarkably stupid thing to say. There's absolutely nothing true about it.
As we've mentioned numerous times on this blog, the national debt was roughly $10.6 trillion when President Obama took office. Since then, $2.8 trillion has been added to it. Not that it matters, since Republicans can't grasp the simple mathematical summation that 10 is greater than 2, but most of the $2.8 trillion added since Obama's inauguration was from Bush's 2009 budget (all his bailouts..TARP). Obama's first year in office, yes. But Bush's budget. Nonetheless, Republicans wouldn't dare admit that if they refuse to admit 10 is greater than 2. Let's run through this again, just for the smell of it.
Reagan = 186% increase in the national debt
Bush I = 58% increase in the national debt
Clinton = 39% increase in the national debt
Bush II = 107% increase in the national debt
Obama = 10% increase in the national debt
For the sake of argument, I'll even give Republicans the opportunity to apply all of the 2009 debt accumulated by Bush's budget to Obama. Still yet, that only equals a 19.5% increase in the national debt if it is applied to Obama's tenure. Either way, the amount in no way equals more debt that has been run up in the last 200 years like Cantor is trying to say. It doesn't even equal the amount of debt George W. Bush ran up. Simple, simple math a caveman could understand but their propensity to lie is too great. And these are the people we are supposed to vote back into power?

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