“Hey, Reagan increased the debt just like Obama.”

Oh, really?

Debt-to-GDP Ratio under Obama and Reagan

When a country’s debt climbs past 60% of the total size of its economy for an entire year (what economists call its “Gross Domestic Product”), the country’s economic health suffers. When the debt-to-GDP ratio passes 90%, alarm bells go off. The longer it stays that high — or higher — the greater the risk of total economic collapse. We are becoming Greece.

We do not have a revenue problem. We have a spending problem.

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