Jul 3rd 2014, 19:14:07
America still has damage to repair from Reagan (war on drugs and removing religion from government policy being the biggest two...)
and juice -> I think you're mixing up GDP growth and budget surpluses/deficits
This is a good chart showing debt as a % of GDP since WWII:
http://upload.wikimedia.org/...t_of_GDP_by_President.jpg
And another showing budget surplus/deficit since WWI:
http://www.washingtonpost.com/...s/budget-2010/deficit.gif
What that shows me is three things:
1) No party does a good job of long term fiscal planning for the US. Everyone keeps piling it on for the future generations, hoping they won't have to do anything about it.
2) Republicans complain about big government but are actually the larger offenders of bloating the government compared to Democrats.
3) The Baby Boomers & the politicians they have elected were too into short-sighted policy decisions. That generation which "controlled" things from the mid-70s through the 2008 crisis has failed at creating a better country/economic situation for their children like their parents did for them.
and juice -> I think you're mixing up GDP growth and budget surpluses/deficits
This is a good chart showing debt as a % of GDP since WWII:
http://upload.wikimedia.org/...t_of_GDP_by_President.jpg
And another showing budget surplus/deficit since WWI:
http://www.washingtonpost.com/...s/budget-2010/deficit.gif
What that shows me is three things:
1) No party does a good job of long term fiscal planning for the US. Everyone keeps piling it on for the future generations, hoping they won't have to do anything about it.
2) Republicans complain about big government but are actually the larger offenders of bloating the government compared to Democrats.
3) The Baby Boomers & the politicians they have elected were too into short-sighted policy decisions. That generation which "controlled" things from the mid-70s through the 2008 crisis has failed at creating a better country/economic situation for their children like their parents did for them.
-=Pang=-
Earth Empires Staff
pangaea [at] earthempires [dot] com
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Earth Empires Staff
pangaea [at] earthempires [dot] com
Boxcar - Earth Empires Clan & Alliance Hosting
http://www.boxcarhosting.com