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The Chip Board Archive 23

The reason for our debt is shared by many

Presidential administrations and the many Congresses as well. Here is an interesting article:

http://useconomy.about.com/od/usdebtanddeficit/p/US-Debt-by-President.htm

You will note they say that the debt increased 52% over the last 6 years, not doubled. They say it did double over the course of Bush's administration. No doubt it increased significantly during the the administrations of Bill Clinton and the first George Bush as well. It has increased under both parties and seems to be on an upward track no matter who is in charge.

It's obviously complicated and blaming it on one party over the other is not only demonstrably wrong, it's counterproductive to improving the situation.

Michael Siskin

Messages In This Thread

New London Casino OPEN...!!!
At the rate of membership I'll give it a year..
Re: At the rate of membership I'll give it a year.
If you British have that much money how ..
Re: If you British have that much money how ..
Our national debt is only 35% less than yours!
Re: Our national debt is only 35% less than yours!
Re: Our national debt is only 35% less than yours!
What is the UK national debt? US is 18 trillion.
Getting on for $40k per capita
Re: Getting on for $40k per capita
The reason for our debt is shared by many

Copyright 2022 David Spragg