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<blockquote data-quote="paidslave" data-source="post: 408682" data-attributes="member: 10762"><p>Does anybody see any trend with Republican presidents and National debt? Speaking of Reagan first....if McCain gets into Office rest assured we will be completely bankrupted....can we take a chance for more of the same?</p><p> </p><p> </p><p> </p><p> </p><p> </p><p></p><p>Reaganomics Key Points:</p><ul> <li data-xf-list-type="ul">The national debt when Ronald Reagan took office was about $1 trillion. That included in it all the debt run up for the Revolutionary war, the Spanish-American war, the Civil war, World War I, World War II, the Korean war, the Vietnam war and all the Social wars of the 1930's and subsequent years. In other words it took the United States from 1776 until 1980 or more than 200 years to accumulate a national debt of $1 trillion.</li> <li data-xf-list-type="ul">Ronald Reagan left us a national debt of about $3.5 trillion or $3,500 billion.</li> <li data-xf-list-type="ul">Given the spending habits established by the legacy of Ronald Reagan the national debt is now a little over <a href="http://zfacts.com/p/461.html" target="_blank"><u><span style="color: #0066cc">$7 trillion</span></u></a>! (<u><strong>Click for excellent charts for what and where we spend)</strong></u></li> <li data-xf-list-type="ul">The interest cost on the national debt now runs about <a href="http://www.federalbudget.com/" target="_blank"><u><span style="color: #0066cc">$318 billion</span></u></a> a year! When Ronald Reagan took office they were about $53 billion a year.</li> </ul></blockquote><p></p>
[QUOTE="paidslave, post: 408682, member: 10762"] Does anybody see any trend with Republican presidents and National debt? Speaking of Reagan first....if McCain gets into Office rest assured we will be completely bankrupted....can we take a chance for more of the same? Reaganomics Key Points: [LIST] [*]The national debt when Ronald Reagan took office was about $1 trillion. That included in it all the debt run up for the Revolutionary war, the Spanish-American war, the Civil war, World War I, World War II, the Korean war, the Vietnam war and all the Social wars of the 1930's and subsequent years. In other words it took the United States from 1776 until 1980 or more than 200 years to accumulate a national debt of $1 trillion. [*]Ronald Reagan left us a national debt of about $3.5 trillion or $3,500 billion. [*]Given the spending habits established by the legacy of Ronald Reagan the national debt is now a little over [URL="http://zfacts.com/p/461.html"][U][COLOR=#0066cc]$7 trillion[/COLOR][/U][/URL]! ([U][B]Click for excellent charts for what and where we spend)[/B][/U] [*]The interest cost on the national debt now runs about [URL="http://www.federalbudget.com/"][U][COLOR=#0066cc]$318 billion[/COLOR][/U][/URL] a year! When Ronald Reagan took office they were about $53 billion a year. [/LIST] [/QUOTE]
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