A graph of US national debt vs. President since World War II—click for a larger view.
In the final few days before the US Presidential election, I thought it might be prudent to ask the question: why does anyone vote Republican? After all, from an outsider’s point of view, the crimes against humanity, the US constitution and the economy by the Bush administration are just so outrageous, it is hard for any sane person to imagine why Americans would even consider voting Republican! So I thought I should take a look at the common answers to this important question.
One thing people keep saying is that Obama’s tax changes will bankrupt the US economy. It’s as if he has some kind of radical tax plan, the likes of which America has never seen before. But really, all he’s actually proposing is to restore the same kind of tax distribution we had under the previous Democrat (Clinton) administration. But hang on! We all know that Republicans are far more fiscally responsible than Democrats, right? So we can’t go back to the tax system we had under Clinton, right? In that case, I suggest you take a very good, long hard look at the image above—a graph of US national debt vs. President. And what better way to judge a government’s fiscal responsibility? Read the rest of this entry »