Five years ago, the Republicans controlled the House, Senate, and Presidency.
Unemployment was at 4.4%
The national debt was under $8.7 Trillion.
Then, in January 2007, the Democrats took control…
Democrats have held majority control (2+ out of 3) of the House, Senate, and Presidency since January 2007. In just three weeks, we will mark the 5 year anniversary of the shift in the balance of power from Republican to Democrat.
Under majority-Democratic rule, unemployment has more than doubled, and the national debt has increased to over $15.1 Trillion (an increase of over $6.4 Trillion in just those 5 years). That represents an average annual deficit of almost $1.3 Trillion per year for five straight years. When Democrats took majority control in January 2007, they took an already bad national debt (of under $8.7 Trillion) and proceeded to increase it by over 70%. How? By unprecedented amounts of deficit spending.
For comparison purposes, compare two different 4-year periods, a decade apart. In each period, one party controlled both houses of Congress.
Republican Congress 1997-2000: about $100 Billion new debt per year.
Democrat Congress 2007-2010: about $1,300 Billion new debt per year.
Democrats have held majority control (2+ out of 3) of the House, Senate, and Presidency since January 2007. This has been a Democrat-led economy for nearly 5 years.
Are you better off now than you were 5 years ago?