The debt has increased under President Barack Obama’s watch by 60% to $16 trillion. As bad as that is, it seems that it’s a problem which seems to follow Democrats.
(Politico) — [The] Democratic Party ended the 2012 cycle with a debt of $21.5 million, according to a new filing with the Federal Elections Commission. The committee’s latest report shows the DNC paying down nearly $700,000 of their post-election debt — which shrank to $20.7 million.
[…]
Earlier Wednesday, the RNC announced it had raised $6.9 million in January, with $7.1 million in the bank. The committee retired the last of its outstanding debt at the end of 2012.
So the Republican National Committee is sitting on a $7.1 million surplus while the Democratic National Committee is suffering from $20.7 million in debt. But it doesn’t stop there. Eight of the top ten States with the best economies are also Republican led.
- North Dakota (R)
- Wyoming (R)
- Nebraska (R)
- Utah (R)
- Iowa (R)
- Alaska (R)
- South Dakota (R)
- Vermont (D)
- Virginia (R)
- Minnesota (D)
I would say it’s a coincidence but eight of the top ten States with the lowest unemployment rates are also Republican led.
- North Dakota (R) 3.2%
- Nebraska (R) 3.7%
- South Dakota (R) 4.4%
- Iowa (R) 4.9%
- Wyoming (R) 4.9%
- Oklahoma (R) 5.1%
- Vermont (D) 5.1%
- Hawaii (D) 5.2%
- Utah (R) 5.2%
- Kansas (R) 5.4%
One more category to round out the lists: The best States in which to do business. Of the top ten best States in which to do business, all ten are led by Republicans.
- Texas (R)
- Florida (R)
- North Carolina (R)
- Tennessee (R)
- Indiana (R)
- Virginia (R)
- South Carolina (R)
- Georgia (R)
- Utah (R)
- Arizona (R)
I think I’m seeing a trend.
That’s easy. Yes!
It is true. Liberals are really bad at basic economics.
Demokrats only know “spend” – they have no clue what “save” means, and they think credit never has to be paid back. Sort of like college students nowadays.