EPISODE · Feb 19, 2025 · 33 MIN
WHO'S AT FAULT THE DEMS OR THE DOGE REPUBS FOR DEBT AND DEFICITS
from The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism · host Jerry Rhoads
The question of who is to blame for America’s accumulated debt and deficits is complex and multifaceted. There are several factors and stakeholders that contribute to the current fiscal situation. One of the main culprits is the federal government's spending habits. Over the decades, variousadministrations and Congress have approved substantial spending on defense, social security, healthcare, and other public services without corresponding tax increases or spending cuts in other areas. Additionally, the economic policies pursued by differentpolitical parties have played a role. For instance, tax cuts implemented without offsetting budget reductions have exacerbated the deficit. The economic crises, such as the Great Recession of 2008 and the COVID-19 pandemic, havealso necessitated significant government expenditure to stabilize the economy, contributing further to the national debt. Another significant factor contributing to America's debtand deficits is the accounting methodology employed by the federal government. Unlike Generally Accepted Accounting Principles (GAAP) which require accrual accounting, the federal budget uses a cash basis of accounting. This means that future unfunded obligations for programs such as Social Security, Medicare, Medicaid, and other entitlement programs are not accounted for in the same waythat private sector companies would be required to do. Instead of setting aside funds to cover these futureliabilities, the federal budget often treats borrowing as a receipt and counts deficits as productive spending within GDP calculations. This practice can distort the true financial position of the government and mask the long-termfiscal challenges posed by these obligations. As a result, there is a lack of transparency regarding the extent of future financial commitments, and it leads to an understatement of the nation's true debt levels.Moreover, some argue that structural issues, such as an agingpopulation and rising healthcare costs, are long-term drivers of debt and deficits that require comprehensive reform. There is no single entity to blame; rather, it is a culmination of policy decisions, economic events, and structural factors. Years of Democrat and Republican Administrations Since 1933 Since 1933, when Franklin D. Roosevelt was electedpresident, the United States has seen a dynamic political landscape dominated by two major parties: the Democrats and the Republicans. This period covers nearly a century of American political history, characterized by shiftingpriorities, policies, and leadership styles.Franklin D. Roosevelt (1933-1945): 12 yearsHarry S. Truman (1945-1953): 8 yearsJohn F. Kennedy (1961-1963): 2 yearsLyndon B. Johnson (1963-1969): 6 yearsJimmy Carter (1977-1981): 4 yearsBill Clinton (1993-2001): 8 years Barack Obama (2009-2017): 8 years Joe Biden (2021-2025): 4 yearsTotal Democratic Years: 52 years Dwight D. Eisenhower (1953-1961): 8 years Richard Nixon (1969-1974): 5 years Gerald Ford (1974-1977): 3 years Ronald Reagan (1981-1989): 8 years George H. W. Bush (1989-1993): 4 years George W. Bush (2001-2009): 8 years Donald Trump (2017-2021, 2025-2028): 8 yearsTotal Republican Years: 44 yearsFrom 1933 to 2028, the United States will have experienced52 years under Democratic administrations and 44 years under Republican administrations, reflecting the nation's dynamic political shifts and the enduring influence of both parties on American governance and policymaking.SO BOTH PARTIES ARE AT FAULT. IT'S TIME FOR AN EFFECTIVE SWING VOTE PARTY. THE AMERICAN ENTERPRISE SWING VOTE THIRD PARTYDOCUMENTED IN THE AMERICAN ENTERPRISE PARTY TRILOGY VOLUME ONE WHY A THIRD PARTY, VOLUME TWO QASI REORGANIZATION PLAN AND VOLUME THREE WHO WILL MAKE IT WORK. Conclusion
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WHO'S AT FAULT THE DEMS OR THE DOGE REPUBS FOR DEBT AND DEFICITS
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