Here is what liberals want to ignore
debt by President
Reagan 1.7 trillion
GHW Bush 1.4 trillion
Clinton 1.4 trillion
GW BUsh 4.9 trillion
Obama 7.3 trillion
Clinton tends to get a pass because of claims he balanced the budget when the reality is he came close but due to taking SS and Medicare funds
The Myth of the Clinton Surplus |
Treasury data is available as well to make this point.
Monthly Budget Review: Summary for Fiscal Year 2014 | Congressional Budget Office
Overall, the government's net outlays increased by 1.4 percent from 2013 to 2014. If not for prepayments of deposit insurance premiums that otherwise would have been paid in 2013, the outlay increase would have been slightly greater. (The year-over-year changes discussed below reflect adjustments for those prepayments.) Outlays increased for several major categories but declined for others.
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911