The last republican president, Geo "I'm An Idiot" Bush has cost the American tax pay over fifteen trillion in debt. That's based on the two wars, bank deregulation financial collapse and massive tax cuts for the rich and their corporations. A lot of that debt continues to grow as the tax laws have not been changed. Deregulation is still a big push for republicans leaving way for future financial chaos.
50 years of Government Spending in 1 graph — from NPR and the OMB. The graph here shows the major components of federal spending 50 years ago, 25 years ago, and last year. Defense is the dark blue. The dark green is Social Security. The light blue is Medicare. 1 picture speaks 1000 words.
Now, we have inscribed a new memory alongside those others. It’s a memory of tragedy and shock, of loss and mourning. But not only of loss and mourning. It’s also a memory of bravery and self-sacrifice, and the love that lays down its life for a friend–even a friend whose name it never knew. - George W. Bush
"I do not intend to dispute in any way the need for defence cuts and the need for government spending cuts in general. I do not share a not in my backyard approach to government spending reductions.", Stephen Harper