U.S. National Debt: Who gets the blame?

I get so tired of all this talk of the tax and spend Democrats. The facts of the matter are that Democrats have been more fiscally conservative than the Repubs.
It was in the Ronald Reagan era that the national debt took off to the upside. And the private debt did the same. Asset prices did the same. You can substitute the phrase "asset prices" with " inflation". It is the same.
Everything went up except for the U.S. dollar and the savings of the U.S. citizens.
And starting there in that period of time began the practice of government bailouts of failing banks. And it is so because precisely at the time of the onset of "laizzez faire" economics, the volatility of the financial sphere and the economy began.
At that time the public was sold on the idea of tax cuts. They were never sold on the idea of safety net cuts. That doesn't sell so good. And with good reason. People know that they need the retirement and medical help from the large entitlement programs. The debt creation and the inflation has removed all possibility of actually saving for retirement. In a system that depends on inflation to have growth it is a necessity for the present day taxes to pay for the present day safety nets. There is no way to "set aside" money when inflation is constant.
Add to that the war on labor. Constant loss of real purchasing power made a private debt binge all but inevitable.

Give that some thought.

A link:
http://zfacts.com/p/318.html

A chart:

gh