Somehow - thanks in part to dishonest partisan hacks like Glenn Reynolds and Sean Hannity - the Bush-Cheney debt is all Obama's fault and you need to get Republicans back to fix it. A commenter on Bruce Bartlett's Forbes column has the best response to that:
Let's see, can we get this down to bumper sticker size? Democrats reduce Deficits?The last Republican who left the office of the presidency with the federal public debt as a percentage of GDP less than when he entered was Richard Nixon (FY 1975). The last Republican who left the office of the presidency with a federal deficit less than 2.7% of GDP was Dwight Eisenhower (FY 1961). Since WW II no Democratic president has ever left office with the federal public debt as a percentage of GDP more than when he entered. And since WW II no Democratic president has ever left office with a federal deficit more than 2.6% of GDP.
We already have at least one party of fiscal responsibility. It's called the Democratic Party.
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