Yes, Obama stepped on the gas and really ramped up the deficit. But suggesting that Obama is the main culprit is a mistake. Republicans gave up on spending restraint 20 years ago. Bush gave it lip service every once in a while but spent like a drunken sailor on his “Compassionate Conservative” programs. Today’s “Republican” Congress doesn’t even give it lip service. No one cares about the deficit anymore. And it isn’t a “deficit” issue. That is media misdirection. Tax revenues are higher than they’ve ever been. Its a SPENDING issue.
The only time in half a century that the budget has been balanced was in the late 1990s, when Bill Clinton was president and the Republicans ran Congress
Even this is a LIE!!! The Budget has GROWN every single year since Calvin Coolidge was President, if it was “balanced” there would NOT be an increase, but there was. Look it Up!
We’ll be at 30 trillion in my lifetime. There is no going back.
I know we all like to dump all of this on Obama, but this all go a huge kickstart under Bush to pay for his invasion of Iraq, to pay off friends and buy off the opposition. The deep state went viral under GWB. That their appetite continued to grow under Obama is no surprise, but don’t let Bush off the hook for this mess.
Hope we all enjoy the ride up because the ride down is going to be ....
I can not think of the right word. Scary, rough, deadly, world ending? Just do not know.
I am not an economist but even I know that there are “laws” that govern economies even if we do not know those laws are (and I do not believe one person on earth really know and understands them).
So one of two things is going to happen (the when is an unknown factor)
1) Things continue as they are forever.
2) The house of cards our elite politicians is building will collapse taking the world’s economy with it. (Since many nations have their economies tied closely to ours we fail, they fail).
But then, this is just my opinion and as always I may be wrong.
Guess how many years at the rate of $1 per second, it would take to pay back just the first Trillion? Give up? 33,000+ years, real years, 12 months 365 days, do the math, it is depressing.
Still pimping act that lie. We didn't have a surplus, and we didn't balance the budget.
The royal idot is the poster child of proof that education doesn’t always take.