“I’m ok w/ an increasing debt, as long as it lags the growth of a bigger America with more people, more wealth, and more income. “
We haven’t had that for a long, long time.
I remember hearing “deficits don’t matter” from the first Bush administration, and cringing.
Guess what....they matter, they always mattered, and so does our total debt matter.
It matters so much that they will simply increase the debt limit ad nauseum - and will not ever stop until, of course, they can’t do anything else but stop.
That will be a bad day, all because nobody in Congress has an ounce of Pro-America honesty. Not one Democrat, not one Republican.
haven’t had that for a long, long time.Measuring years by saying "long, long time" works great in Star Wars but when it comes to managing money adults that pay for the movie tickets need times and dates.
From 1970 to the '08 election the debt/gdp averaged 34%. Right before the '08 election it was 35% and when Reagan left office it was 39%.
Right now it's 74%. Let's think together. Putting Bush debt in the same box as today's debt is what Occupy-Wall-Street drops on a cop car. We got twice the debt burden we had w/ Reagan & Bush. There is no repeat no comparison.