Quote:
Originally Posted by CDSmith
Correct me if I'm wrong, but wasn't most of the debt built up over the course of the Bush administration?
Seems to me I recall much of a large nat'l debt being paid off and under control during Clinton's watch. Of course money is going to have to be spent to bring about the "change" everyone keeps harping about but that shouldn't automatically mean the debt won't at least begin to be dealt with. We should all know by now it's going to take more than one or two terms of a new president to get it under reasonable control. Probably more like 20 terms of 10 presidents.
So you're predicting Obama will pull a "Bush" and increase the debt, and it will be that increase and not the existing debt racked up by the Bush admin that will bury the country?
Interesting take.
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Out of our 9 trillion in national debt, 8 trillion of it came under Reagan's watch and George W Bush's watch.
The people screaming out now about the cost of Obama's plans aren't concerned about the deficit or debt per se, they're just pissed off about what the money is being spent on.
If we were adding 5 divisions to the U.S. Army or 5 fighter wings to the Air Force or new aircraft carriers or a missile defense system or doubling the size of the CIA or NSA with the money they'd be all for it regardless of the long term economic consequences.