I clearly remember Ronald Reagan giving a televised speech, before the 1980 election, complaining about the Carter administrations handling of the economy. He looked into the camera and told America how tall a pile of hundred dollar bills would reach for a billion dollars and a trillion dollars (1 mile). He warned the American people that if Carter was reelected the deficit would spiral out of control and the only way to stop this from happening was to elect him along with his trickle down, supply side economics theory. When Reagan took office the national debt was just under one trillion dollars. When he left office the debt was 3.4 trillion dollars. The downward spiral of debt continues to this day out of control. Thank you President Reagan for sending the American economy into the toilet.
Too bad Obama didn't do the same as Clinton.
Clinton didn't do that. The Republican Congress is responsible for the decrease in spending/debt
Every knows the democrats tax and spend thing. Thing is republicans used to be fiscally responsible but now are mega gargantuan uber tax and spenders. The Republican congresses have spent the next two generations money without consent. Taxation without representation. Whenever you here the words "tax cut" it means a massive tax increase for next generations. There can not be a federal "tax cut" and never was, save maybe in 1835 when the debt was paid off. Trickle down economics worked great, it trickled all futures tax payers money down to current billionaires. The rise of the billionaires matches almost exactly the rise in the debt. Amazing.
What's on your mind?