Debt was a problem under Reagan, a much bigger problem when he left. The debt under Clinton only rose 25%. Bush 2 100%. The debt Obama inherited was due primarily to Reagan and Bush, and he was more fiscally responsible than either.
He may grab you by your p*****, better run to your safe space.
Oh look, more hilarious, never before heard, original content.
Good job Air, forget what the other guys say about you - i think it's adorable that you try so hard.
p.s. Next time don't forget to include that I'm "butt-hurt", it's the icing on the cake - that really reels in the "likes" .
So let me get this straight, now we can blame Reagan for Obama's debt levels as well? Good grief, what's next, you are going to blame Jefferson for Obama's failed health care plan?
Further confirms my belief there will be no movement towards a balanced budget and reducing the debt. Neither party cares because they're viewpoint seems to be since it's not causing problems now, it's not really a problem. They will continue to spend until some crisis happens that threatens everyone. Then and only then will they attempt to address it and it will be more bandaids if anything is even possible at that point.
Further confirms my belief there will be no movement towards a balanced budget and reducing the debt. Neither party cares because they're viewpoint seems to be since it's not causing problems now, it's not really a problem. They will continue to spend until some crisis happens that threatens everyone. Then and only then will they attempt to address it and it will be more bandaids if anything is even possible at that point.
Looking at the Debt Clock, I see the Debt per Taxpayer now stands over $166,000. Considering most folk my age have little retirement and greatly depend on Social Security, they couldn't pay off their fair share in their remaining life. So, much of their debt shifts to the younger generations.
That Debt per Taxpayer figure is closer to a quarter million per able working taxpayer. It's only going to get larger.
How was it a much bigger problem if we had a better debt to income ratio back then?
I have no problem giving Clinton partial credit, because he could have easily increased the debt more, but part of the reason it only rose 25% is he was the beneficiary of the booming 90s (so more tax revenue) and a lot of the significant spending cuts were cold war related. To his credit, a lot of Reagan's spending did not go toward permanent programs.
Clinton was probably the most fiscally responsible one out of all of them, but Obama and Bush 2 are easily the worst in that regard.
Just by looking at the graph, it appears 1981 was the turning point from which we've been unable or unwilling to recover.
This is the equivalent of blaming an entire loss on a guy that fumbled in the 2nd quarter.
Also, you're modifying your position...first you claimed debt was a bigger problem in the 80s, and since that didn't work out you are now implying Reagan sent us down an irreversible path.
Huff bringing the heat!This is the equivalent of blaming an entire loss on a guy that fumbled in the 2nd quarter.
Also, you're modifying your position...first you claimed debt was a bigger problem in the 80s, and since that didn't work out you are now implying Reagan sent us down an irreversible path.
I'm not modifying anything.
Where did I claim that debt was a bigger problem in the 80"s? I said the rate of increase of national debt was higher under Reagan than any other administration since. (true)
I don't think I ever said it was a bigger problem. I said he did a worse job of controlling the rate of increase. (true) I said it was a problem, and even worse when he left. (true)
People can draw their own conclusions...I'm willing to allow that.
The likes validate my existence. I have to have them. Your feelings are simply collateral damage.
This is the equivalent of blaming an entire loss on a guy that fumbled in the 2nd quarter.
Also, you're modifying your position...first you claimed debt was a bigger problem in the 80s, and since that didn't work out you are now implying Reagan sent us down an irreversible path.