Fiscal conservatism vs. Tax and spend liberals

I have been going over graphs for the last 4 or 5 years trying like hell to figure out why anyone believes this. There hasn’t been a “fiscal conservative” in the White House since arguably Eisenhower. Looking over this chart  which is a graph of gross public debt from 1900-2017(projected)

I see the debt starting in 1941. Wasn’t that the Government war spending that put us in debt and took us out of the Great Depression? But I thought that ALL Government spending was bad.  Anyway, I don’t see the massive spending of the New deal or LBJ’s great society. As a matter of fact I don’t see the debt getting out of control or rising much of any consequence until one Ronald Reagan got into office. And from there it just goes insane.

This is a chart of the Federal spending from 1900-2017(projected)

This chart makes me even more puzzled. That little bump just before 1920, that was the first world war. That tiny little thing in the middle of the 30’s, that was the terrible spending of the New Deal. That brought us rural electrification and taught farmers in the west how NOT to start another dust bowl.  Then there is a fairly large bump in the mid 40’s. That is the second world war. Amazing how conservatives will say it was the war that got us out of the depression, yet that was the most Government spending stimulus to date.

From 1947 – 1970 spending was negligible.Yet during this time we funded schools, roads, highways, college scholarships, put men in orbit around our planet and sent men to the moon! The freakin’ moon yall!!!! Some years we had surpluses! Beginning in the 70’s spending picked up, most likely the Vietnam war was the culprit, but nowhere do I see this unsustainable spending on the war on poverty.

It isn’t until the mid 70’s that spending went up. I am just assuming here, but I believe that ramping up our nuclear stockpile and military along with the Arab oil embargo had a significant factor in this. But  just look at the spending that takes place in the 80’s!  It starts in the early part and starts to taper off around 87.I believe that was all military spending with all the little wars and what not in the Falkland Isles and Central  America, STAR WARS and trying to end the Cold war.

Then it levels until 91. That would be the first Gulf war. Then around 92 or so, something amazing happens. Spending drops! Like a rock! To the point that at the end of the century we had surpluses again! And in the 2000’s it skyrockets again!!!!  Why?? Same reason all the other bumps happened, WAR. And TAX CUTS  during not one war but during two! No, let me say that another way. A fiscal conservative did something no other leader in the history of  this country, let alone the history of the world, has EVER done! He cut taxes BEFORE EACH OF THE TWO WARS HE WAGED!

Here is what I find hard to understand about the fiscal conservative argument. Government spending BAD!  Yet according to this chart and my memory they are responsible for most of it. Let’s take Reagan, this is where they seem to have started talking the talk, while walking backward. Carter left office with approximately $1 trillion dollars total National debt. When Reagan left office 8 years later, the total debt was almost $3 trillion dollars.

Now the conservatives will say that Reagan may have spent more, but he also doubled the revenue into the federal government. OK. So. What I just heard is that not only did Reagan spend the “double amount of revenue of the Spender in chief of the late ’70’s , He also spent an ADDITIONAL $2TRILLION DOLLARS?!?!?!?! And he is a fiscal conservative? And your/his policies are good for the country?!?!?! And will address the deficit and put us back on a balanced budget?!?!?! Ooooooooooo. K? (sound like a familiar argument. I will be typing something similar shortly. ;{

George H.W. Bush :   He had a war. He had a recession. He had a Savings & Loan industry to save. He tried to be a little fiscally conservative. He raised taxes, despite pledging not to, to pay for Gulf war I. Apparently the fiscally conservative base didn’t like that idea. They didn’t show up at the polls to reelect him. During his tenure, there was around $1.5 trillion dollars added to the National debt. Total debt incurred by 12 years of Republican administration and fiscal policy,  $ 3.5 trillion dollars  bringing the total debt to $4.5 trillion dollars.

Billiam Jefferson Clinton ( Apparently the use of middle names instead of just the first initial is required of Democrats. Jimmmeeeeeeeeee carrrrrterrrrrrrrr is an exeption.)   🙂   The economy boomed under his administration. He raised taxes a little, cut spending, reformed welfare and was involved in a few over seas military actions. Brought the budget under control, managed to leave a surplus to his predecessor (when was the last time that happened?) After his 8 year tenure in office Clinton added $1 trillion dollars to the national debt.  Are we sure HE isn’t the fiscal conservative?  Total debt  $5.5 trillion dollars.

I would hope that I would not have to rehash this next chapter in American history, but I fear there are some out there roaming the great plains, forests,, countryside, valleys, cities towns and villages all across this Great Nation of ours, that have suffered a memory lapse. That is at least how i will refer to this condition.

George W. Bush :   He did inherit a slowing economy. I will give him that. Not slowing for the reasons most economists and administration officials will tell you, but I will post on that later. Then we experience 9-11 and the fallout from that. Financial fallout, airline bailout, WAR. And to pay for all this? TAX CUT MO FO!!  WE are fiscally responsible. We will lower tax cuts and bring in more revenue through more business and investment. ( deja vu anyone? Where is that damn groundhog? Bill Murray is getting ANGRY AND FRUSTRATED!)

Then we had another TAX CUT MO FO ! Don’t ya know if the first one fails, get back on that horse! Pull yourself up by your bootstraps and do it  ’til it hurts works. ( Also the definition of insanity. Doing the same thing over and over and over and over and over and expecting something different to happen, despite the factual and RECURRING results.) To hide this fiscal responsibility, the two wars were run on supplementals.  Think of it as having two sets of books. One is what you show your accountant, the other is the actual costs. Nice. Also, the 1.5 trillion put on those books included the Medicare part D prescription plan. And when Osama Obama took office, He added this $1.5 trillion dollars onto the current budget. Putting him $1.5 trillion in the hole before he even took office. You think any conservative would admit to that? FAT CHANCE!

Then we come to the Financial collapse We are all familiar with. Well, again, I think some of us running around this great nation have suffered another case of amnesia. You would think that something like that would burn a picture in your brain. Ha! Apparently our Great and Mighty and Magnificent financial overlords were duped by of all people the poor and stupid. Oh! Can’t forget Barney and Chris. Although I don’t take all blame from the two senators, there is more to that story. Post later.The homeowners were left to fend for themselves, moral hazard, signed contracts and personal responsibility.

Then the financial sheet   hit the fan. The banks were left with a bunch of bullsheet toxic IGDD’s  (Instruments of global deception and destruction) They had over- leveraged, to put it nicely. Of course moral hazard and personal responsibility were brought up. But our Great and Mighty and Magnificent overlords were too Great and Mighty and Magnificent to fail. I will post about this later also. TARP!  &787 billion dollar bailout. No strings attached. and nothing but a 3 page ransom note allowing them to do anything they wanted with the money. Nice. 🙂

After all is said and done, on the books the debt totaled 10.5 trillion dollars by the time Bush the lessor left office. That is a total of $5 trillion dollars. Add the 1.5 for the Wars and Medicare part D and we come to a total of  $6.5 trillion dollars of spending during his administration. The total debt with everything off the books on the books totals $12 trillion dollars. That is what was left when Osama Obama, the current Spender in Chief   took office. Puts his spending in a little better and more factual perspective. Total National debt: $12.5 trillion dollars.  Reagan: $2.5, Bush the greater : $1.5 , Clinton: 1, Bush the lessor: $6.5 trillion.  Republican: $10.5 trillion dollars. Democrats, $1 trillion dollars.

Barack Hussein Osama, Maobama, Obama :   He was left a terrible economy, millions of jobs had been off shored in the previous decade, and a financial system that was tearing the country apart. Mass job losses and a crumbling infrastructure. Stimulus for the people. I know I saw a few highway and local and state roads that needed desperate repair, fixed. (At least it wasn’t borrowed money to pay some overpaid war contractor to go over budget on their No Bid contract to rebuild a city or country we just paid to level. More fiscal conservatism?)  Total assuming a $15 trillion dollar debt, $2.5 trillion dollars. Of the $15 trillion dollars Republicans $11.5 trillion, Democrats: $3.5 trillion.

So this leads me to question “fiscal conservatism”. I think it is more a question of tax and spend lefties vs tax cut and spend conservatives. The questions you have to ask yourself are these…. What makes more sense to you? Which policies do you think are actually meant to provide services and which policy do you think will bankrupt a country?  What kind of country do you want to live in? How about for your kids? Your friends kids?Look back at history and see where our country would be without all the Public investment. I capitalize Public because that is you and I. We are the Government. We can come together to provide services and help, to lower costs and provide better services, or we can try the go it alone approach. I know which one I prefer. Thank you for reading.


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