And the point is . . . ? Did not the baby boomers inherit the debt from the "greatest generation?" And the late baby boomers from the "Korean Police Action?" And my own son from Johnson' "Guns and Butter?" Wake up out there, there is always going to be some sort of big deficit.
True. But the debt and interest payments on that debt where not at near the levels they are now.
FY 2001 Interest payments: $332,536,958,599.42
FY 2002 Interest payments: $359,507,635,242.41
We have also not had the debt level go down in about 30 years. Just check out
http://www.publicdebt.treas.gov/opd/opdhisto4.htm