What Republicans Aren’t Telling You About the Debt

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If you’ve been tuning in to C-Span this week and watching members of congress speak on the debt ceiling, you’ve probably noticed a pattern amongst the Republicans. They say things like “American families tighten their belts, why can’t the U.S government?”. This is quite an intruiging question, considering Republicans are the ones who really need to do the belt tightening.

See there’s quite a few things you will never hear a Republican member of congress admit. Republicans are relying on the short-term memory of the average American voter in order for them to come off as fiscally responsible. This couldn’t be further from the truth.

Did you know 82% of our national debt was spent by 3 different Republican administrations? Through Ronald Reagan’s bogus “trickle-down” economics in which he cut taxes for millionaires and billionaires, and George W. Bush’s trillion-dollar revenge wars in Iraq and Afghanistan, Republicans drove up the national debt by record-setting numbers.

Did you know that on May 17, 2011 Republicans filibustered Democrats’ attempt to do away with $21 billion oil subsidies for big oil companies that are turning record profits? And on March 2nd of this year, every single Republican member of congress voted “NO” on a measure that would eliminate big oil subsidies. Where is the “belt-tightening” here?

Did you know that 299 congressional Republicans voted earlier this year for the Ryan Plan? This was a budget proposal put out by congressman Paul Ryan of Wisconsin which not only ended Medicare, but the CBO projected would cost the nation $5.2 trillion over the next 10 years. That’s not responsible whatsoever.

Republicans are now refusing to raise the debt ceiling to pay for the bills that they themselves racked up. Not only is this unconstitutional (according to the 14th amendment) but it’s downright hypocritical. When Republicans say the words “belt-tightening”, ask them, WHY do big oil executives and hedge fund managers not have to tighten their belts, but seniors on Medicare and Social Security do? And then ask them WHY they refuse to pay for that 82% of the debt that they spent.