05-31-2017, 02:31 PM
(05-31-2017, 11:18 AM)Bob Butler 54 Wrote: If the bulk of the World War II debt was gone around 1980, how is it that "all the debt from World War II is still on the books"? The debt took off again just as the unraveling memes kicked in -- trickle down, borrow and spend, stronger military, the government is the problem. I'm more inclined to say the unraveling memes are factors in the modern debt rather than World War II restarting.
Seems to me you are double-thinking badly in an attempt to falsely sell a talking point.
No, the actual debt rose the entire time. Bonds are redeemed, and new ones are issued. What changed was the size of the economy, because growth, for whatever reason, and inflation, for less desirous ones, makes the GNP/GDP grow every year ... unless we have a crash.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.