Translation Of The Day

Everyone is entitled to his own opinion….

Ronald Reagan came in and adopted an economic program that created $1.4 trillion in deficits over the next eight years. George Bush continued those policies and added another trillion dollars to the deficit. Bill Clinton came in 1993 and we adopted a PAY-GO (pay as you go) process. — Rep. Steny Hoyer (D-Md.), last day as House Majority Leader, Capitol Hill press conference

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… but not his own facts. While I could be wrong, President Reagan cut taxes and the incoming tax revenues doubled. Democrats held both houses and spent more than what came in resulting in $1.4 trillion in deficits over the next eight years. George H.W. Bush continued Reagan’s policies, Dems continued to spend, and added another trillion dollars to the deficit. Bill Clinton came in 1993, Republicans took the House and Senate in ’94, and adopted a balanced budget PAY-GO process. Unfortunately, George W. Bush and the Republicans later continued the proud Dem tradition of spending more than what came in. In 2010, Steny Hoyer complained about deficit spending yet by shirking their responsibilities and not passing a budget, we’ll never know how Democrats planned on addressing the $3.2 trillion they added to the debt under President Obama.