The National Debt: A Short History Of Presidential Lies
From The Daily Bail
January 31, 2013 - 4:46pm
Presidents love to lie about cutting spending.
New video produced by the non-partisan Bankrupting America on Washington’s history of inaction on cutting spending
Talk Is Cheap, Overspending Is Not
In 1986 our debt was $2.1 trillion and Washington was making promises to rein in our excessive spending. Twenty-seven years later Washington is still making promises, but the only differences we see are a $16.5 trillion debt and better picture quality on C-SPAN.
If we’ve learned anything since then, it’s that the only thing a talking politician is good for is a distraction. #TalkIsCheap.
DB here. Dallas Fed President Richard Fisher calculated that the government's unfunded liability for Social Security and Medicare alone comes to a staggering $99.2 trillion, or $330,000 for every man, woman, and child in the United States.
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