The fact remains the current fiscal crisis was cooking up for 8 years under a Republican administration that did nothing about it.

By the way, before talking about debt loving Americans you should be aware that for the last 30 years the only presidents that have turned up budget surplus have been Democrats. Every republican president since 1980 has increased debt. 

You know I respect everyone's political creds but for fucks sake stop waving the debt flag as a democrat bashing meme - all the republican presidents you voted for did nothing but increase national debt.

edit:

http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

Look, turns out I was wrong, the trend has been going on since the 70's. The last Republican president to reduce the debt was Nixon.

Actually, I thought no president had actually paid down the debt or ran a balanced budget in recent history and the only reason presidents look like they're reducing debt by your measure is because the debt is increasing at a rate below the rate GDP is increasing.

Regardless, this does demonstrate my point in that no president in recent history has been a fiscal conservative because that would require the government to reduce spending at a rate greater than taxes are reduced; which would result in smaller government, lower taxes and a balanced budget.

Clinton did run a balanced budget, he didn't use the surplus to reduce debt tho.

But the point stands, the whole "republicans are fiscal conservative while democrats run the nation into debt" is a myth that gets votes for the GOP while the dems actually work towards balanced budgets. Until Obama, of course.

No, he used that money to spark the problem we are in today. With the surplus, he started the sub prim lending craze with the intent of lifting home ownership from 60%, to 66%. He also felt bank owners made to much money, and he wanted in leverage there money to help people buy homes. 

Now, why in the world should a president give a shit about how many people own homes? That's not what we elect a president to do.

Yeah he ran Newt's balanced budget after he submitted to triangulation (move to the right).

I've worked at jobs that paid about 10K a year before.

That's about the poverty line afterall.  You can actually do fairly well on that if your good with money.

Yeah, and until Bush something like all the nations wars were started by Democrats.

Funny how it works.

Also... said wars did a lot when it came to said republicans running up debts.  Because they often inheirted the wars.

So we're not counting the Civil War, the Spanish-American war, or Desert Storm? And we're not counting the wars that started before the various parties even existed? Also, the Democratic party didn't really start any wars. Most (if not all) of the wars the U.S. has been engaged in under Democrats were the U.S. joining a war, not starting it. Starting wars is a Republican thing. And how "often" have Republicans inherited wars? Like...once?

Civil War for 1.   Buchanan let it happen and sent civilian transport carrier State of the West to Ft. Sumpter and the shit hit the fan before it could get there.

From Wikipedia:

"1861

Before Buchanan left office, all arsenals and forts in the seceding states were lost (except Fort Sumter and two lesser outposts), and a fourth of all federal soldiers surrendered to Texas troops. The government retained control of Fort Sumter, which was located in Charleston harbor, a visible spot in the Confederacy. On January 5, Buchanan sent a civilian steamer Star of the West to carry reinforcements and supplies to Fort Sumter. On January 9, 1861, South Carolina state batteries opened fire on the Star of the West, which returned to New York. Paralyzed, Buchanan made no further moves to prepare for war."

There isl ike 50% unenployment in Venezuela