Big spending by the 'party of small government'

The U.S.'s overall national debt amounts to nearly $75,000 hanging over every household in the nation.

Meanwhile, the cost of servicing the debt rises, squandering $250 billion a year.

The Bush administration began their first term with a surplus left by the Clinton administration, but pretty much right away got us involved with wars in Afghanistan and Iraq, after which Hurricane Katrina hit.

Republicans controlling both Congress and the White House have spent more than double the rate in the last five years of Clinton-era budgets and we are left with a record deficit.

[Source of financial figures Washington Post]

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