Ping.
This is graphical evidence for why pegging federal spending to a “reagan benchmark” is not such a good idea.
FRegards
I don’t want to get configured here as being in defense of this. We were talking about the pros and cons of debt vs none at all.
The young husband who refuses any and all debt, and loses his job because he can’t buy a car for cash and thereby can’t go to work and grow his position/pay, or earn it at all for that matter . . . blah blah.
Again I don’t want to get cast in the role of defender of this stuff. It’s fair to note that start of all this bought the elimination of the greatest threat to American sovereignty, or outright physical existence, that ever existed — the Soviets. It bought a lot more, and much of it of doubtful value, but it did buy some admirable things.
Also, we have had oil driven population growth. Clearly a government that serves a growing population has to grow itself.
My unified field theory is more in play here than I think anything else. Per Capita oil production is cratering globally. Oil is the lifeblood of civilization and this is not going to change. The physics of alternatives are absurd. With population growth, and the death of old oil fields, the future is not bright no matter what is done fiscally.