Remember the 2012 Republican National Convention? Back then, the national debt problem was so fundamental to the GOP’s platform that the convention’s set design showcased a debt clock ticking away in real-time, edging closer to $16 trillion.
Vice presidential nominee Paul Ryan, a conservative tax and budget expert, championed policies that slowed the debt’s alarming rate of acceleration toward what he deemed a dangerous fiscal cliff, which was not a priority for his opponent. When Barack Obama was elected in 2008, the debt was $10 trillion. After fighting the Great Recession, it nearly doubled to $19.5 trillion by the end of his second term.
Read Full Article »