"What Americans need to understand is that ... every single day of the year, our government goes into the market and borrows money from other countries to finance Iraq, Afghanistan, Katrina, and our tax cuts," (Bill Clinton on ABC "This Week")



Well, this is partially true (our tax revenue is up since the cuts, and we've run wars before without going in the red), but the point is 100% right. Republicans, who parade around as "Fiscal conservatives", have been spending money at a ridiculous rate. Dems at least are open about their desire to spend our money, obviously Repubs secretly do too.

In doing so, they have let our nation get so upside down (fiscally), that we are now in debt to countries (like China) that we may be at war with later.