AP: Romeny Is a Liar Who Will Put Us Deeper In Debt

WASHINGTON (AP) — When Republican presidential hopeful Mitt Romney decried the "prairie fire" of U.S. debt Tuesday, he ignored some of the sparks that set it ablaze.

One was the Great Recession that took hold before Barack Obama became president. That landmark event went unmentioned in Romney's speech. Another was a series of Bush-era tax cuts that Romney wants to follow with even lower rates.

Those two paragraphs are pretty good.  We would have also liked to see the GOP wars and the fact the Republicans have been deliberately destroying the tax base for the last 30 years in there as well.  But whatever, this is as good as we're going get out of the corporate media.

For more historical perspective consider this:  From 1981 to 2009 the only Democratic president was Bill Clinton.  He actually eliminated the federal budget deficit and started paying down the national debt.  Despite Clinton's fantastic results, from 1981 to 2009 the national debt went from under a trillion dollars to 11 trillion dollars.  So basically the Republicans took a level of debt that had taken this country over 200 years to accumulate and increased it 11 fold in 20 years.  Our predicament is their fault.