Surprising Ignorance About the National Debt is Prevalent. Presidents and Commoners Alike Are Very Much in the Dark About How Monetary Policies Rule the World.

The last four presidents knew nothing about the national debt and put the United States in a terrible position in the short and long term. They have done nothing but talk about the free markets and free trade.

Under the presidencies of Ronald Reagan and George H. W. Bush the national debt jumped ridiculously from $900 billion when Ronald Reagan took over to nearly $4.5 trillion when George H. W. Bush left office in 1993.

Under Bill Clinton, things slowed down but hardly got better as the national debt continued to rise from the $4.5 trillion mess that the Republicans left behind to nearly $6 trillion at the end of his second term. George W. Bush then followed Clinton by making daddy proud and raising the national debt more than anyone had in history as he increased the $6 trillion debt that he inherited to nearly $11 trillion when he left office.

We can expect more of the same from Obama as he too is a puppet for the elite bankers who profit from our debt. These ancient banking families own the Federal Reserve and therefore the sole right to issue all money in the United States. The government must borrow from the Fed in order to have money and the Fed charges them interest. The higher the national debt, the more money the banking elite make.

REAGAN ABOUT THE NATIONAL DEBT

In every single year of his presidency, Ronald Reagan pushed the national debt to new record highs despite all of his rhetoric about fiscal responsibility and less government spending. While overturning as much of the New Deal as he possibly could he put the economy in an even worse economic position.

In his first term as president, Ronald Reagan increased the $900 billion debt that he inherited from Jimmy Carter to more than two trillion dollars. In his second term, Reagan increased that debt to around three and a half trillion dollars. His successor, George H. W. Bush would increase the national debt to five trillion dollars in just one term. Both are proof of the shadow government behind them because there is no other reason for this debt to exist.

CLINTON ABOUT THE NATIONAL DEBT

While Bill Clinton was able to actually lower the national deficit that was left to him by Ronald Reagan and George H. W. Bush, he did anything but lower the national debt.

Clinton did slow down the bleeding, however. In his first term, Clinton saw the debt rise to around five and a half trillion dollars. In his second term, Clinton saw the national debt rise to more than $6 trillion for the first time in the nation's history before he handed the country off to George W. Bush so that he could nearly double the debt.

BUSH ABOUT THE NATIONAL DEBT

George W. Bush took the reins and ran as fast and hard as he could. Starting two wars, cutting taxes on the rich, creating a new education program, and later bailing out the banks certainly did not help.

In his first term as a terrible president, Bush pushed the national debt to eight trillion dollars with record high federal spending on Social Security, Medicare and Medicaid, and defense.

In his second and thankfully final term, George W. Bush put the final nail in the coffin of the future of the United States as he pushed the national debt to more than $10 trillion dollars, thanks to two wars that dragged on much longer than they were supposed to and ill advised economic policy.

Obama has already spent more than any president before him and the banking elite are laughing all the way to their bank. It's time to stop the destruction of the American economy at the hands of the elite.