Republicans blame Barack Obama for the national-debt explosion, and for good reason; about a third of the existing national debt has accrued in his four years in office. Democrats blame George W. Bush for it, as deficits returned during his eight years after a momentary respite under Bill Clinton and a (briefly) fiscal-conservative Republican Congress.
January 24, 2013
The origin of the debt crisis
This entry was posted on Thursday, January 24th, 2013 at 6:00 am and tagged with Budget Deficit, Debt Crisis and posted in The State. You can follow any responses to this entry through the RSS 2.0 feed.