11-27-2016, 09:24 PM
(11-27-2016, 09:17 PM)Warren Dew Wrote: The discussion was about the debt, not the deficit.
However, it's to be noted that the highest deficit on your chart was in 2009, Obama's first year, due to his patronage, er, "stimulus" spending, and it went down mostly after the partial shutdown that the Tea Party folks forced.
Deficits mushroom when relief spending expands greatly and tax receipts shrink. Keynesian economics, the norm since the 1930s, recognize this reality as unavoidable.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.