There was a best selling book by the title, "The Greatest Story Ever Told" that was about biblical times. The Greatest Story 'NEVER' Told concerns political time still fresh in our memories but some how was never told while the story was taking place nor was the ending results ever told by the national news media.
The story is about how a "business man" President with an MBA degree in just eight short years reversed the health of the nations fiscal house. That President was George W. Bush. When President Clinton left office the national debt at the end of his last fiscal year budget stood at $5.8 trillion, a very manageable number. The federal budget was balanced four years in a row with record surpluses and the national debt was actually paid down by almost one half trillion dollars. The talk actually turned to eliminating the national debt completly since our fiscal house was in such good shape.
But along came "business man" President Bush 43 who's party controlled both houses of congress and immediately plunged the nation back into deficit spending at the end of Bush's very first fiscal year budget. That deficit spending continued through out his two terms in office and at the end of Bush's last fiscal year budget the national debt stood at $11.9 trillion, a whooping increase of $6.1 trillion or 105% in only eight short years. Bush also left office with out balancing one federal budget during those eight years. Needless to say not one penny was paid down on the national debt.
The national news media was silent while the Bush administration was tearing down our nations fiscal health and was also silent how that administration's fiscal policies has cripled the nations fiscal health for many years yet to come even though it is being played out at the present time. The same news people are pushing the republican talking points that Mitt Romney, a "business man" is the best choice to put our fiscal house back in order. Never mind that his stated fiscal policies would be the same as Bush's policies.
Understanding the past is still the key to the future and democratic Presidents have a superior record than republicans in moving the country and its people forward in every area that counts the most. The only firsts the republicans lead in are: Deficit Spending and creating debt and the largest increases in federal spending in the last 32 years. They also lead in creating less jobs than democrats by far. There is really no propaganda if the news media told that story as it was unfolding. It would just be a story to help the American people understand what happened on Bush's watch and how a "business man" President with an MBA and a flawed conservative ideology let his country and its people down. And that really says it all.
Note: References to deficit spending and the national debt taken from the CBO records and records of the Treasury Department.
Note 2: See previous commentaries on deficit spending and the national debt published here in PolitiDose.
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