Study: "Debt Problem Began Four Decades Ago"

Townhall.com ^ | January 21, 2013 | Kevin Glass

[IbJensen]

Debt problem began in 1913 when the central government began taxing incomes. As if that wasn’t enough the president at that time, Woodrow Wilson, decided to involve this nation in a strictly European war.

Thus began the guaranteed decline of the USA.

[HangnJudge]

This is a long slide as the Middle Class is being Pauperized.
The TOTAL Credit market Debt profoundly dwarfs the Federal Debt.
We are approaching a zero crossing for Worth vs Total Debt

[billhilly]

The interstate hwy system was brought to life in the 50’s by President Eisenhower. It was based upon military requirements as well as public transportation needs.

[ProtectOurFreedom]

I clearly remember all the gnashing of teeth over LBJ’s welfare programs, deficits, bankrupting the country, “guns and butter” re Vietnam...this debate has been around at least 40 years. I think it really took center stage with LBJ’s “Great Society” programs. What a resounding success hat was — decaying country and social values, no jobs, disappearing middle class, blacks worse off than ever due to government “largesse.”

[sphinx]

bttt

[rollo tomasi]

How could the ‘Rats keep the spending up as well as get plenty of what they wanted (And Keep) with only a majority control of the House during that time? Lol...

[rollo tomasi]

“Debt problem began in 1913...”

Ditto, the seeds of mischief were set during that time (Also Judges began attacking weak points in the US Constitution). Another reason why the word/movement of “progressive” in the realm of politics means malignancy, not proficiency.

[rollo tomasi]

“Debt problem began in 1913...”

Ditto, the seeds of mischief were set during that time (Also Judges began attacking weak points in the US Constitution). Another reason why the word/movement of “progressive” in the realm of politics means malignancy, not proficiency.

[rollo tomasi]

Apologies for the double post

[stuartcr]

So it’s not really Obama, Bush, Clinton’s fault??!!!

[Brett66]

We are so detached from reality, Washington and the American people. They can’t even talk seriously about real cuts, just a slow down of an increase of the budget is cast as an affront to decency and people will suffer and die if the budget increases 1% instead of 4%.

[freekitty]

No it started in the 20’s and 30’s. Commerce, etc.

[maxsand]

Yep...It was Andy Jackson.

http://www.youtube.com/watch?v=7Au2-J-3on0

[rollo tomasi]

Well Obama has a weak excuse that historians will probably touch on (Since exorbitant public spending keeps looking to the winning policy).

"Congress was not very forthcoming in terms of sending him a yearly budget to sign during the aftermath of the Great Bush depression which would have destroyed the human race. The savior Obama, who was in fact reality's version of Superman, refused the call towards austerity. Obama pushed back the demon possessed Republicans with their spending cuts thus, humanity was saved."

But yes, (Crap, Captain Obvious, with a little disingenuous facts thrown in the mix) articles like this are designed to remove the culpability of present day politicians.

[rollo tomasi]

Sorry stuart, meant "...looking to the be the winning policy."

[billhilly]

I entered the United States Air Force in 1956 and President Eisenhower was my commander in chief. You don’t have to take my word for it, here is a reference to the Interstate Highway
system and its development if you care to see it. http://www.fhwa.dot.gov/interstate/history.htm

[freekitty]

I believe you. But the 20’s and 30’s were when this stuff began.