As you listen to Republican rhetoric on raising the debt ceiling, keep these facts in mind about their record as stewards of the economy during the Bush years when they controlled the White House, Congress and the courts: They gave billions in tax breaks to wealthy Americans (which, the record shows, did not spur job growth), put two wars on the national credit card (it’s a pleasure doing business with you, Chinese commies!) and rammed through an unfunded Medicare benefit. Remember all that? Now read this excerpt from a report from Think Progress in April:
At the beginning of the Bush presidency, the United States debt limit was $5.95 trillion. Despite promises that he would pay off the debt in 10 years, Bush increased the debt to $9.815 trillion by the end of his term, with plenty of help from the four Republicans currently holding Congressional leadership positions: Speaker John Boehner, House Majority Leader Eric Cantor, Senate Minority Leader Mitch McConnell, and Senate Minority Whip Jon Kyl. ThinkProgress compiled a breakdown of the five debt limit increases that took place during the Bush presidency and how the four Republican leaders voted:
May 2003: [Republican-controlled] Congress approves a $900 billion increase, raising the debt limit to $7.384 trillion. All four approve.
March 2006: [Republican-controlled] Congress approves a $781 billion increase, raising the debt limit to $8.965 trillion. All four approve.
September 2007: [Democratic-controlled] Congress approves an $850 billion increase, raising the debt limit to $9.815 trillion. All four approve.