View Single Post
Old 02-06-2014, 06:32 PM  
Robbie
Leaner, Meaner, Faster
 
Robbie's Avatar
 
Industry Role:
Join Date: Aug 2002
Location: Vegas
Posts: 20,958
I ain't fighting with you Joe.

You're just presenting things in a way that isn't fact.

The "Rural Electrification Act" gave LOANS to companies to put electricity in out of the way rural areas (for hillbillies). http://en.wikipedia.org/wiki/Rural_Electrification_Act
That's NOT giving money away. It was LOANS that were repaid.
Didn't add to the debt.

As for WW2...I am quoting to you what I found when googling it up.
And pretty much everyone who knows any history at all knows that the United States economy took off like never before in those years after WW2 and created a big tax base.
BUT...the govt., of course spent money on other things instead of paying it's debt quickly (just like that pack of crooks do today). So instead of paying off the war debt, they CHOSE to pay it off slowly.

Reagan was the first President after the war who didn't have any WW2 debt left to pay.

Pretty much Congress learned that they could get away with deficit spending and running up debt that will NEVER get paid.
__________________
-Robbie
ClaudiaMarie.Com
Robbie is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote