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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Clinton didn't pay off the national debt or control the deficits. He just changed the way the numbers were calculated.
The whole point to it all is we don;t have to have the Federal Reserve handling our nations money. It's a private company that charges us interest to create our money. We pay them to do nothing and they control us by doing this. In addition and contrary to popular belief ALL of these bail outs buying up assets aren't being held by the government. They are being held under private holding companies set up by the Federal Reserve. So we are giving them the power to buy up everything in the US and paying them to do it.